The Impact of Inflation on value of ¥16 from 1983 to 2024
In 1913 the price of ¥16 is approximately equal to ¥97.12 in 2024. Prices changed by 4.59% (or ¥1.98) per year on average during that period. It means that every purchase will cost you 6.07 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of ¥16 in 1983 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.
How Much is ¥16 in 1983 Worth Today?
- Converted Amount: The ¥16 from 1983, adjusted for inflation, would be equivalent to ¥97.12 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 506.98%.
- Average Inflation Rate: The average annual inflation rate between 1983 and 2024 has been 4.59%.
| Cumulative price change | 506.98% |
| Average inflation rate | 4.59% |
| Converted amount | 97.12 |
| Price difference | 81.12 |
| CPI in 1983 | 169.29 |
| CPI in 2024 | 1027.55 |
| Inflation in 1983 | 2.00% |
| Inflation in 2024 | 0.08% |
| 16 in 1983 | 97.12 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1983: 169.29
- CPI in 2024: 1027.55
Inflation Rate at 1983 and 2024
- Inflation in 1983: 2.00%
- Inflation in 2024: 0.08%
Price Difference
- The price difference between 1983 and 2024 is ¥81.12.
1983 to 2024 Inflation Calculator
To understand the transformation of ¥16 from 1983 into 2024 Chinese Yuans, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1983 | 169.29 | 2.00% | ¥16 |
| 2024 | 1027.55 | 0.08% | ¥97.12 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of ¥16 in 1983
¥16 in the year 1983 is now worth ¥97.12 in 2024, showing a substantial increase of ¥81.12 over the years. This change underscores how the average inflation rate of 4.59% annually has eroded the purchasing power of the Chinese Yuan.