Value of 1979 Costa Rican Colones today

₡100 in 1979

₡18,074.64 in 2019

The inflation rate in Costa Rica between 1979 and today has been 17,974.64%, which translates into a total increase of ₡17,974.64. This means that 100 colones in 1979 are equivalent to 18,074.64 colones in 2019. In other words, the purchasing power of ₡100 in 1979 equals ₡18,074.64 today. The average annual inflation rate has been 13.51%.

Inflation timeline in Costa Rica (1979-2019)

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 (1979-2019) 17,952.27%
Total Inflation* 17,974.64%
Annual inflation avg. (1979-2019) 13.87%
Annual inflation avg.* 13.51%
CPI 1979 0.58
CPI 2019 105.01
CPI today* 105.14
₡1 in 1979 ₡180.52 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 40 years between 1979 and 2019 and the average inflation rate has been 13.5143%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₡100 * (1 + 0.14)40 = ₡18,052.27

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 1979 was 0.58 and the CPI today is 105.14. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₡100 *
105.01/0.58
= ₡18,052.27

Costa Rica inflation - Conversion table

Initial Value Equivalent value
₡1 colon in 1979 ₡180.75 colones today
₡5 colones in 1979 ₡903.73 colones today
₡10 colones in 1979 ₡1,807.46 colones today
₡50 colones in 1979 ₡9,037.32 colones today
₡100 colones in 1979 ₡18,074.64 colones today
₡500 colones in 1979 ₡90,373.18 colones today
₡1,000 colones in 1979 ₡180,746.36 colones today
₡5,000 colones in 1979 ₡903,731.8 colones today
₡10,000 colones in 1979 ₡1,807,463.61 colones today
₡50,000 colones in 1979 ₡9,037,318.03 colones today
₡100,000 colones in 1979 ₡18,074,636.07 colones today
₡500,000 colones in 1979 ₡90,373,180.35 colones today
₡1,000,000 colones in 1979 ₡180,746,360.69 colones today

Value of Colon in time (by year)

Period Value
1979 100
1980 113.13
1981 133.33
1982 220.03
1983 400
1984 442.83
1985 519.69
1986 576.51
1987 665.29
1988 774.61
1989 970.98
1990 1,067.53
1991 1,358.55
1992 1,702.42
1993 1,991.36
1994 2,171.33
1995 2,602.59
1996 3,189.98
1997 3,632.99
1998 4,039.9
1999 4,539.03
2000 4,998.1
2001 5,510.36
2002 6,113.99
2003 6,706.05
2004 7,367.7
2005 8,335.06
2006 9,508.29
2007 10,405.18
2008 11,529.53
2009 13,132.47
2010 13,663.91
2011 14,459.76
2012 15,144.56
2013 15,833.68
2014 16,416.24
2015 17,257.86
2016 17,118.57
2017 17,249.55
2018 17,693.59
2019 18,052.27
Today 18,074.64