Value of 1978 Costa Rican Colones today

₡100 in 1978
₡20,200.41 in 2022

The inflation rate in Costa Rica between 1978 and today has been 20,100.41%, which translates into a total increase of ₡20,100.41. This means that 100 colones in 1978 are equivalent to 20,200.41 colones in 2022. In other words, the purchasing power of ₡100 in 1978 equals ₡20,200.41 today. The average annual inflation rate between these periods has been 12.82%.

Inflation timeline in Costa Rica (1978 - 2022)

The following chart depicts the equivalence of ₡100 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 (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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1978-2021 19,304.35%
Cumulative inflation 1978-today 20,100.41%
Avg. Annual inflation 1978-2021 13.03%
CPI 1978 0.56
CPI 2021 108.65
CPI 2022-01 (latest official data) 111.52
CPI today 113.11

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:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1978 and 2021, use the corresponding CPI values:

Value2021
=Value1978 ×
CPI2021/CPI1978
=₡ 100 ×
108.65/0.56
₡19,404.35

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 113.11:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=₡ 100 ×
113.11/0.56
₡20,200.41

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 ₡100 worth today. There are 43 years between 1978 and 2021 and the average inflation rate was 13.0334%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₡100 × (1 + 0.130334)43
₡19,404.35

Costa Rica inflation - Conversion table

Initial Value Equivalent value
₡1 colon in 1978 ₡194.04 colones in 2021
₡5 colones in 1978 ₡970.22 colones in 2021
₡10 colones in 1978 ₡1,940.44 colones in 2021
₡50 colones in 1978 ₡9,702.18 colones in 2021
₡100 colones in 1978 ₡19,404.35 colones in 2021
₡500 colones in 1978 ₡97,021.77 colones in 2021
₡1,000 colones in 1978 ₡194,043.55 colones in 2021
₡5,000 colones in 1978 ₡970,217.73 colones in 2021
₡10,000 colones in 1978 ₡1,940,435.46 colones in 2021
₡50,000 colones in 1978 ₡9,702,177.3 colones in 2021
₡100,000 colones in 1978 ₡19,404,354.6 colones in 2021
₡500,000 colones in 1978 ₡97,021,772.99 colones in 2021
₡1,000,000 colones in 1978 ₡194,043,545.98 colones in 2021
Cumulative inflation From 1978 20,100.41%
Avg. annual inflation From 1978 12.82%
CPI 1978 0.56
CPI today 113.11

Value of Colon over time (by year)

Period Value
1978 100
1979 109.19
1980 128.99
1981 176.79
1982 336.11
1983 445.77
1984 499.02
1985 574.16
1986 642.12
1987 750.26
1988 906.56
1989 1,056.24
1990 1,257.34
1991 1,618.31
1992 1,970.96
1993 2,163.69
1994 2,456.54
1995 3,026.13
1996 3,556.04
1997 4,027.15
1998 4,496.69
1999 4,948.39
2000 5,490.81
2001 6,108.84
2002 6,668.87
2003 7,298.91
2004 8,197.76
2005 9,328.91
2006 10,398.99
2007 11,372.05
2008 12,898.69
2009 13,910.29
2010 14,698
2011 15,414.97
2012 16,107.94
2013 16,950.6
2014 17,716.63
2015 17,858.72
2016 17,855.6
2017 18,145.9
2018 18,548.96
2019 18,937.74
2020 19,075.02
2021 19,404.35
2022-01 19,916.11
Today 20,200.41

All available years

Today's value of costa rican colones by year:

1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

Other currencies: