# Value of 2005 Costa Rican Colones today

₡100 in 2005

₡219.92 in 2020

The inflation rate in Costa Rica between 2005 and today has been 119.92%, which translates into a total increase of ₡119.92. This means that 100 colones in 2005 are equivalent to 219.92 colones in 2020. In other words, the purchasing power of ₡100 in 2005 equals ₡219.92 today. The average annual inflation rate has been 5.05%.

## Inflation timeline in Costa Rica (2005-2020)

The following chart depicts the equivalence of ₡100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (2005-2020) 119.88%
Total Inflation* 119.92%
Annual inflation avg. (2005-2020) 5.39%
Annual inflation avg.* 5.05%
CPI 2005 48.49
CPI 2020 106.61
CPI today* 106.63
₡1 in 2005 ₡2.2 in 2020

* 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 with 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 15 years between 2005 and 2020 and the average inflation rate has been 5.0488%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₡100 * (1 + 0.05)15 = ₡219.88

#### 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 2005 was 48.49 and the CPI today is 106.63. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₡100 *
106.61/48.49
= ₡219.88

### Costa Rica inflation - Conversion table

Initial Value Equivalent value
₡1 colon in 2005 ₡2.2 colones today
₡5 colones in 2005 ₡11 colones today
₡10 colones in 2005 ₡21.99 colones today
₡50 colones in 2005 ₡109.96 colones today
₡100 colones in 2005 ₡219.92 colones today
₡500 colones in 2005 ₡1,099.59 colones today
₡1,000 colones in 2005 ₡2,199.17 colones today
₡5,000 colones in 2005 ₡10,995.85 colones today
₡10,000 colones in 2005 ₡21,991.7 colones today
₡50,000 colones in 2005 ₡109,958.51 colones today
₡100,000 colones in 2005 ₡219,917.02 colones today
₡500,000 colones in 2005 ₡1,099,585.08 colones today
₡1,000,000 colones in 2005 ₡2,199,170.17 colones today

Period Value
2005 100
2006 114.08
2007 124.84
2008 138.33
2009 157.56
2010 163.93
2011 173.48
2012 181.7
2013 189.96
2014 196.95
2015 207.05
2016 205.38
2017 206.95
2018 212.28
2019 216.58
2020 219.88
Today 219.92