Value of 2004 Indonesian Rupiahs today

Rp100 in 2004

Rp277.86 in 2024

The inflation rate in Indonesia between 2004 and today has been 177.86%, which translates into a total increase of Rp177.86. This means that 100 rupiahs in 2004 are equivalent to 277.86 rupiahs in 2024. In other words, the purchasing power of Rp100 in 2004 equals Rp277.86 today. The average annual inflation rate between these periods has been 5.24%.

Inflation timeline in Indonesia (2004 - 2024)

The following chart depicts the equivalence of Rp100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (IDR) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator	Value
Cumulative inflation 2004-2023	171.86%
Cumulative inflation 2004-today	177.86%
Avg. Annual inflation 2004-2023	5.4%
CPI 2004	47
CPI 2023	127.78
CPI 2024-10 (latest official data)	130.46
CPI today	130.6

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Value_t =Value₀ ×

CPI_t/CPI₀

To obtain the values equivalent in buying power between 2004 and 2023, use the corresponding CPI values:

Value₂₀₂₃

=Value₂₀₀₄ ×

CPI₂₀₂₃/CPI₂₀₀₄

=Rp 100 ×

127.78/47

≈Rp271.86

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 130.6:

Value_today

=Value₂₀₀₄ ×

CPI_today/CPI₂₀₀₄

=Rp 100 ×

130.6/47

≈Rp277.86

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)ⁿ, where:

FV: Future Value
PV: Present Value
i: Interest rate (inflation)
n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are Rp100 worth today. There are 19 years between 2004 and 2023 and the average inflation rate was 5.4047%. Therefore, we can resolve the formula like this:

Value₂₀₂₃

=PV × (1 + i)ⁿ

=Rp100 × (1 + 0.054047)¹⁹

≈Rp271.86

Indonesia inflation - Conversion table

Initial Value		Equivalent value
Rp1 rupiah in 2004	→	Rp2.72 rupiahs in 2023
Rp5 rupiahs in 2004	→	Rp13.59 rupiahs in 2023
Rp10 rupiahs in 2004	→	Rp27.19 rupiahs in 2023
Rp50 rupiahs in 2004	→	Rp135.93 rupiahs in 2023
Rp100 rupiahs in 2004	→	Rp271.86 rupiahs in 2023
Rp500 rupiahs in 2004	→	Rp1,359.29 rupiahs in 2023
Rp1,000 rupiahs in 2004	→	Rp2,718.58 rupiahs in 2023
Rp5,000 rupiahs in 2004	→	Rp13,592.88 rupiahs in 2023
Rp10,000 rupiahs in 2004	→	Rp27,185.77 rupiahs in 2023
Rp50,000 rupiahs in 2004	→	Rp135,928.84 rupiahs in 2023
Rp100,000 rupiahs in 2004	→	Rp271,857.68 rupiahs in 2023
Rp500,000 rupiahs in 2004	→	Rp1,359,288.42 rupiahs in 2023
Rp1,000,000 rupiahs in 2004	→	Rp2,718,576.84 rupiahs in 2023

Cumulative inflation From 2004	177.86%
Avg. annual inflation From 2004	5.24%
CPI 2004	47
CPI today	130.6

Value of Rupiah over time (by year)

Period	Value
2004	100
2005	110.45
2006	124.93
2007	132.94
2008	146.53
2009	152.96
2010	160.81
2011	169.42
2012	176.68
2013	188
2014	200.03
2015	212.76
2016	220.26
2017	228.65
2018	235.96
2019	243.11
2020	247.78
2021	251.64
2022	262.24
2023	271.86
2024-10	277.56
Today	277.86