**Result:**
¥100
in 1987 →
¥469.73
in 2021

¥100 in 1987 is equivalent in purchasing power to about ¥469.73 today, an increase of ¥369.73 over 34 years. The renminbi had an average inflation rate of 4.66% per year between 1987 and today, producing a cumulative price increase of 369.73%.

This means that today's prices are 4.70 times higher than average prices since 1987, according to the World Bank consumer price index for China. A renminbi today only buys 21.29% of what it could buy back then.

The 1987 inflation rate was 7.23%. The current year-over-year inflation rate (2020 to 2021) is now 2.42%^{1}.
If this number holds, ¥100 today will be equivalent in buying power to ¥102.42 next year.

⌃

Cumulative price change | 369.73% |

Average inflation rate | 4.66% |

Converted amount (¥100 base) | ¥469.73 |

Price difference (¥100 base) | ¥369.73 |

CPI in 1987 | 27.933 |

CPI in 2021 | 131.209 |

Inflation in 1987 | 7.23% |

Inflation in 2021 | 2.42% |

¥100 in 1987 | ¥469.73 in 2021 |

This chart shows a calculation of buying power equivalence for ¥100 in 1987 (price index tracking began in 1986).

For example, if you started with ¥100, you would need to end with ¥469.73 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ¥100 is equivalent to ¥469.73 over time, that means that the "real value" of a single Chinese renminbi decreases over time. In other words, a renminbi will pay for fewer items at the store.

This effect explains how inflation erodes the value of a renminbi over time. By calculating the value in 1987 dollars, the chart below shows how ¥100 is worth less over 34 years.

According to the World Bank, each of these CNY amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 1987 amounts in today's renminbi, based on the 369.73% change in prices:

Initial value | Equivalent value |
---|---|

¥1 renminbi in 1987 | ¥4.70 renminbi today |

¥5 renminbi in 1987 | ¥23.49 renminbi today |

¥10 renminbi in 1987 | ¥46.97 renminbi today |

¥50 renminbi in 1987 | ¥234.87 renminbi today |

¥100 renminbi in 1987 | ¥469.73 renminbi today |

¥500 renminbi in 1987 | ¥2,348.67 renminbi today |

¥1,000 renminbi in 1987 | ¥4,697.34 renminbi today |

¥5,000 renminbi in 1987 | ¥23,486.70 renminbi today |

¥10,000 renminbi in 1987 | ¥46,973.39 renminbi today |

¥50,000 renminbi in 1987 | ¥234,866.95 renminbi today |

¥100,000 renminbi in 1987 | ¥469,733.91 renminbi today |

¥500,000 renminbi in 1987 | ¥2,348,669.53 renminbi today |

¥1,000,000 renminbi in 1987 | ¥4,697,339.07 renminbi today |

Our calculations use the following inflation rate formula to calculate the change in value between 1987 and today:

CPI today
CPI in 1987

×

1987 CNY value

=

Today's value

Then plug in historical CPI values. The Chinese CPI was 27.9326123967 in the year 1987 and 131.20895153316542 in 2021:

131.2089515331654227.9326123967

×

¥100

=

¥100 in 1987 has the same "purchasing power" or "buying power" as ¥469.73 in 2021.

To get the total inflation rate for the 34 years between 1987 and 2021, we use the following formula:

CPI in 2021 - CPI in 1987CPI in 1987

×

100

=

Plugging in the values to this equation, we get:

131.20895153316542 - 27.932612396727.9326123967

×

100

=

Politics and news often influence economic performance. Here's what was happening at the time:

- New Zealand becomes the only nation to legislate against nuclear power, when their Labour government legislates against nuclear weapons and nuclear powered vessels.
- Margaret Thatcher becomes the first British PM in 160 years to win a third consecutive term in office.
- The Dow Jones stock index falls by 508.32 points, the event is later known as Black Monday.

You may use the following MLA citation for this page: “China Inflation Calculator: World Bank data, 1987-2021 (CNY).” Official Inflation Data, Alioth Finance, 16 Oct. 2021, https://www.officialdata.org/china/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

Cumulative price change | 369.73% |

Average inflation rate | 4.66% |

Converted amount (¥100 base) | ¥469.73 |

Price difference (¥100 base) | ¥369.73 |

CPI in 1987 | 27.933 |

CPI in 2021 | 131.209 |

Inflation in 1987 | 7.23% |

Inflation in 2021 | 2.42% |

¥100 in 1987 | ¥469.73 in 2021 |