Value of 1992 Costa Rican Colones today

₡100 in 1992
₡1,039.03 in 2022

The inflation rate in Costa Rica between 1992 and today has been 939.03%, which translates into a total increase of ₡939.03. This means that 100 colones in 1992 are equivalent to 1,039.03 colones in 2022. In other words, the purchasing power of ₡100 in 1992 equals ₡1,039.03 today. The average annual inflation rate between these periods has been 8.12%.

Inflation timeline in Costa Rica (1992 - 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 1992-2021 884.51%
Cumulative inflation 1992-today 939.03%
Avg. Annual inflation 1992-2021 8.21%
CPI 1992 11.04
CPI 2021 108.65
CPI 2022-01 (latest official data) 111.52
CPI today 114.67

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 1992 and 2021, use the corresponding CPI values:

Value2021
=Value1992 ×
CPI2021/CPI1992
=₡ 100 ×
108.65/11.04
₡984.51

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.67:

Valuetoday
=Value1992 ×
CPItoday/CPI1992
=₡ 100 ×
114.67/11.04
₡1,039.03

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 29 years between 1992 and 2021 and the average inflation rate was 8.2054%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₡100 × (1 + 0.082054)29
₡984.51

Costa Rica inflation - Conversion table

Initial Value Equivalent value
₡1 colon in 1992 ₡9.85 colones in 2021
₡5 colones in 1992 ₡49.23 colones in 2021
₡10 colones in 1992 ₡98.45 colones in 2021
₡50 colones in 1992 ₡492.26 colones in 2021
₡100 colones in 1992 ₡984.51 colones in 2021
₡500 colones in 1992 ₡4,922.56 colones in 2021
₡1,000 colones in 1992 ₡9,845.11 colones in 2021
₡5,000 colones in 1992 ₡49,225.56 colones in 2021
₡10,000 colones in 1992 ₡98,451.13 colones in 2021
₡50,000 colones in 1992 ₡492,255.64 colones in 2021
₡100,000 colones in 1992 ₡984,511.28 colones in 2021
₡500,000 colones in 1992 ₡4,922,556.41 colones in 2021
₡1,000,000 colones in 1992 ₡9,845,112.82 colones in 2021
Cumulative inflation From 1992 939.03%
Avg. annual inflation From 1992 8.12%
CPI 1992 11.04
CPI today 114.67

Value of Colon over time (by year)

Period Value
1992 100
1993 109.78
1994 124.64
1995 153.54
1996 180.42
1997 204.32
1998 228.15
1999 251.06
2000 278.59
2001 309.94
2002 338.36
2003 370.32
2004 415.93
2005 473.32
2006 527.61
2007 576.98
2008 654.44
2009 705.76
2010 745.73
2011 782.1
2012 817.26
2013 860.02
2014 898.88
2015 906.09
2016 905.93
2017 920.66
2018 941.11
2019 960.84
2020 967.8
2021 984.51
2022-01 1,010.48
Today 1,039.03

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: