¥100 in 1987 has the same "purchasing power" or "buying power" as ¥460.79 in 2020. According to the World Bank, each of these CNY amounts below is equal in terms of what it could buy at the time:
You may use the following MLA citation for this page: CPI CN recent months. In other words, a renminbi will pay for fewer items at the store. In other words, ¥100 in 1987 is equivalent in purchasing power to about
Inflation, consumer prices (annual %) - China from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 10Y This conversion table shows various other 1987 amounts in today's renminbi, based on the 360.79% change in prices:
Find Out Here's what was happening at the time: 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 33 years. For detailed background information about inflation please click here.
China - CPI Price, Nominal CPI Price, nominal in China was reported at 130 in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. For example, if you started with ¥100, you would need to end with ¥460.79 in order to "adjust" for inflation (sometimes refered to as "beating inflation"). According to the World Bank consumer price index for China, today's prices in 2020 are According to the World Bank consumer price index for China, today's prices in … This page shows the current and historic CPI inflation figures for China. Politics and news often influence economic performance. CPI Price, nominal in China was reported at 130 in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources.
Bank nonperforming loans to total gross loans (%) Account ownership at a financial institution or with a mobile-money-service provider, richest 60% (% of population ages 15+) Domestic credit provided by financial sector (% of GDP) Ian earned his degree in Computer Science from Dartmouth College. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Our calculations use the following inflation rate formula to calculate the change in value between 1987 and today: China - CPI Price, nominal - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2020. China - CPI Price, nominal - actual values, historical data, forecasts and projections were sourced from the The consumer price index reflects the change in prices for the average consumer of a constant basket of consumer goods. When ¥100 is equivalent to ¥460.79 over time, that means that the "real value" of a single Chinese renminbi decreases over time. in2013dollars.com is a reference website maintained by the Tables - current and historic CPI China. For a summary of the current inflation figures for a large number of countries and regions please click here. The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Data is not seasonally adjusted.Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data.
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. To get the total inflation rate for the 33 years between 1987 and 2020, we use the following formula: “China Inflation Calculator: World Bank data, 1987-2020 (CNY).” Official Inflation Data, Alioth Finance, 12 Aug. 2020, https://www.officialdata.org/china/inflation. This chart shows a calculation of buying power equivalence for ¥100 in 1987 (price index tracking began in 1986).
Ian Webster is an engineer and data expert based in San Mateo, California. Consumer price index (2010 = 100) - China from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool.