Result: Rp100 in 1960 → Rp60,383,665.42 in 2023
The Indonesian Ruphia has lost 100.000% of its value since 1960
Updated: May 10, 2023Rp100 in 1960 is equivalent in purchasing power to about Rp60,383,665.42 today, an increase of Rp60,383,565.42 over 63 years. The ruphia had an average inflation rate of 23.53% per year between 1960 and today, producing a cumulative price increase of 60,383,565.42%.
This means that today's prices are 603,836.65 times as high as average prices since 1960, according to the OECD and the World Bank consumer price index for Indonesia. A ruphia today only buys 0.000% of what it could buy back then.
The inflation rate in 1960 was 39.59%. The current inflation rate compared to last year is now 4.33%. If this number holds, Rp100 today will be equivalent in buying power to Rp104.33 next year.
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| Cumulative price change | 60,383,565.42% |
| Average inflation rate | 23.53% |
| Converted amount Rp100 base | Rp60,383,665.42 |
| Price difference Rp100 base | Rp60,383,565.42 |
| CPI in 1960 | 0.000 |
| CPI in 2023 | 126.738 |
| Inflation in 1960 | 39.59% |
| Inflation in 2023 | 4.33% |
| Rp100 in 1960 | Rp60,383,665.42 in 2023 |
Buying power of Rp100 in 1960
This chart shows a calculation of buying power equivalence for Rp100 in 1960 (price index tracking began in 1959).
For example, if you started with Rp100, you would need to end with Rp60,383,665.42 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When Rp100 is equivalent to Rp60,383,665.42 over time, that means that the "real value" of a single Indonesian ruphia decreases over time. In other words, a ruphia will pay for fewer items at the store.
This effect explains how inflation erodes the value of a ruphia over time. By calculating the value in 1960 dollars, the chart below shows how Rp100 is worth less over 63 years.
According to the OECD and the World Bank, each of these IDR amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1960 amounts in today's ruphias, based on the 60,383,565.42% change in prices:
| Initial value | Equivalent value |
|---|---|
| Rp1 ruphia in 1960 | Rp603,836.65 ruphias today |
| Rp5 ruphias in 1960 | Rp3,019,183.27 ruphias today |
| Rp10 ruphias in 1960 | Rp6,038,366.54 ruphias today |
| Rp50 ruphias in 1960 | Rp30,191,832.71 ruphias today |
| Rp100 ruphias in 1960 | Rp60,383,665.42 ruphias today |
| Rp500 ruphias in 1960 | Rp301,918,327.08 ruphias today |
| Rp1,000 ruphias in 1960 | Rp603,836,654.16 ruphias today |
| Rp5,000 ruphias in 1960 | Rp3,019,183,270.81 ruphias today |
| Rp10,000 ruphias in 1960 | Rp6,038,366,541.61 ruphias today |
| Rp50,000 ruphias in 1960 | Rp30,191,832,708.07 ruphias today |
| Rp100,000 ruphias in 1960 | Rp60,383,665,416.15 ruphias today |
| Rp500,000 ruphias in 1960 | Rp301,918,327,080.73 ruphias today |
| Rp1,000,000 ruphias in 1960 | Rp603,836,654,161.46 ruphias today |
How to calculate inflation rate for Rp100 since 1960
Our calculations use the following inflation rate formula to calculate the change in value between 1960 and today:
CPI today CPI in 1960
×
1960 IDR value
=
Today's value
Then plug in historical CPI values. The Indonesian CPI was 0.0002098878879355213 in the year 1960 and 126.738 in 2023:
126.7380.0002098878879355213
×
Rp100
=
Rp60,383,665.42
Rp100 in 1960 has the same "purchasing power" or "buying power" as Rp60,383,665.42 in 2023.
To get the total inflation rate for the 63 years between 1960 and 2023, we use the following formula:
CPI in 2023 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (63 years)
Plugging in the values to this equation, we get:
126.738 - 0.00020988788793552130.0002098878879355213
×
100
=
60,383,565%
Data source & citation
You may use the following MLA citation for this page: “Indonesia Inflation Calculator: World Bank data, 1960-2023 (IDR).” Official Inflation Data, Alioth Finance, 28 May. 2023, https://www.officialdata.org/indonesia/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 60,383,565.42% |
| Average inflation rate | 23.53% |
| Converted amount Rp100 base | Rp60,383,665.42 |
| Price difference Rp100 base | Rp60,383,565.42 |
| CPI in 1960 | 0.000 |
| CPI in 2023 | 126.738 |
| Inflation in 1960 | 39.59% |
| Inflation in 2023 | 4.33% |
| Rp100 in 1960 | Rp60,383,665.42 in 2023 |