# Value of 1995 Costa Rican Colones today

₡100 in 1995
₡696.45 in 2024

The inflation rate in Costa Rica between 1995 and today has been 596.45%, which translates into a total increase of ₡596.45. This means that 100 colones in 1995 are equivalent to 696.45 colones in 2024. In other words, the purchasing power of ₡100 in 1995 equals ₡696.45 today. The average annual inflation rate between these periods has been 6.92%.

## Inflation timeline in Costa Rica (1995 - 2024)

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 1995-2023 597.93%
Cumulative inflation 1995-today 596.45%
Avg. Annual inflation 1995-2023 7.19%
CPI 1995 16.94
CPI 2023 118.26
CPI 2024-08 (latest official data) 117.99
CPI today 118.01

## 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 1995 and 2023, use the corresponding CPI values:

Value2023
=Value1995 ×
CPI2023/CPI1995
=₡ 100 ×
118.26/16.94
₡697.93

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.01:

Valuetoday
=Value1995 ×
CPItoday/CPI1995
=₡ 100 ×
118.01/16.94
₡696.45

### 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 28 years between 1995 and 2023 and the average inflation rate was 7.1855%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₡100 × (1 + 0.071855)28
₡697.93

## Costa Rica inflation - Conversion table

Initial Value Equivalent value
₡1 colon in 1995 ₡6.98 colones in 2023
₡5 colones in 1995 ₡34.9 colones in 2023
₡10 colones in 1995 ₡69.79 colones in 2023
₡50 colones in 1995 ₡348.97 colones in 2023
₡100 colones in 1995 ₡697.93 colones in 2023
₡500 colones in 1995 ₡3,489.67 colones in 2023
₡1,000 colones in 1995 ₡6,979.33 colones in 2023
₡5,000 colones in 1995 ₡34,896.67 colones in 2023
₡10,000 colones in 1995 ₡69,793.35 colones in 2023
₡50,000 colones in 1995 ₡348,966.73 colones in 2023
₡100,000 colones in 1995 ₡697,933.47 colones in 2023
₡500,000 colones in 1995 ₡3,489,667.34 colones in 2023
₡1,000,000 colones in 1995 ₡6,979,334.68 colones in 2023
 Cumulative inflation From 1995 596.45% Avg. annual inflation From 1995 6.92% CPI 1995 16.94 CPI today 118.01

### Value of Colon over time (by year)

Period Value
1995 100
1996 117.51
1997 133.08
1998 148.6
1999 163.52
2000 181.45
2001 201.87
2002 220.38
2003 241.2
2004 270.9
2005 308.28
2006 343.64
2007 375.8
2008 426.24
2009 459.67
2010 485.7
2011 509.4
2012 532.3
2013 560.14
2014 585.46
2015 590.15
2016 590.05
2017 599.64
2018 612.96
2019 625.81
2020 630.34
2021 641.23
2022 694.29
2023 697.93
2024-08 696.34
Today 696.45

All available years

Today's value of costa rican colones by year:

1976 | 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 | 2022 | 2023 |

Other currencies: