Value of 1978 Costa Rican Colones today

₡100 in 1978

₡19,525.75 in 2019

The inflation rate in Costa Rica between 1978 and today has been 19,425.75%, which translates into a total increase of ₡19,425.75. This means that 100 colones in 1978 are equivalent to 19,525.75 colones in 2019. In other words, the purchasing power of ₡100 in 1978 equals ₡19,525.75 today. The average annual inflation rate has been 13.38%.

Inflation timeline in Costa Rica (1978-2019)

The following chart ilustrates the equivalence of ₡100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (CRC) 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1978-2019) 19,400.49%
Total Inflation* 19,425.75%
Annual inflation avg. (1978-2019) 13.72%
Annual inflation avg.* 13.38%
CPI 1978 0.54
CPI 2019 105.01
CPI today* 105.15
₡1 in 1978 ₡195 in 2019

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 ₡100 worth today. There are 41 years between 1978 and 2019 and the average inflation rate has been 13.3805%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₡100 * (1 + 0.13)41 = ₡19,500.49

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1978 was 0.54 and the CPI today is 105.15. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₡100 *
105.01/0.54
= ₡19,500.49

Costa Rica inflation - Conversion table

Initial Value Equivalent value
₡1 colon in 1978 ₡195.26 colones today
₡5 colones in 1978 ₡976.29 colones today
₡10 colones in 1978 ₡1,952.58 colones today
₡50 colones in 1978 ₡9,762.88 colones today
₡100 colones in 1978 ₡19,525.75 colones today
₡500 colones in 1978 ₡97,628.75 colones today
₡1,000 colones in 1978 ₡195,257.5 colones today
₡5,000 colones in 1978 ₡976,287.52 colones today
₡10,000 colones in 1978 ₡1,952,575.05 colones today
₡50,000 colones in 1978 ₡9,762,875.24 colones today
₡100,000 colones in 1978 ₡19,525,750.48 colones today
₡500,000 colones in 1978 ₡97,628,752.41 colones today
₡1,000,000 colones in 1978 ₡195,257,504.82 colones today

Value of Colon in time (by year)

Period Value
1978 100
1979 108.02
1980 122.2
1981 144.03
1982 237.69
1983 432.09
1984 478.36
1985 561.38
1986 622.76
1987 718.66
1988 836.75
1989 1,048.88
1990 1,153.17
1991 1,467.54
1992 1,838.99
1993 2,151.12
1994 2,345.52
1995 2,811.38
1996 3,445.9
1997 3,924.44
1998 4,363.99
1999 4,903.17
2000 5,399.07
2001 5,952.43
2002 6,604.48
2003 7,244.03
2004 7,958.77
2005 9,003.73
2006 10,271.08
2007 11,239.92
2008 12,454.48
2009 14,186.01
2010 14,760.08
2011 15,619.78
2012 16,359.51
2013 17,103.92
2014 17,733.21
2015 18,642.35
2016 18,491.89
2017 18,633.38
2018 19,113.04
2019 19,500.49
Today 19,525.75