Value of 2014 Costa Rican Colones today

₡100 in 2014
₡115.58 in 2022

The inflation rate in Costa Rica between 2014 and today has been 15.58%, which translates into a total increase of ₡15.58. This means that 100 colones in 2014 are equivalent to 115.58 colones in 2022. In other words, the purchasing power of ₡100 in 2014 equals ₡115.58 today. The average annual inflation rate between these periods has been 1.83%.

Inflation timeline in Costa Rica (2014 - 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 2014-2021 9.53%
Cumulative inflation 2014-today 15.58%
Avg. Annual inflation 2014-2021 1.31%
CPI 2014 99.2
CPI 2021 108.65
CPI 2022-01 (latest official data) 111.52
CPI today 114.66

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 2014 and 2021, use the corresponding CPI values:

Value2021
=Value2014 ×
CPI2021/CPI2014
=₡ 100 ×
108.65/99.2
₡109.53

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.66:

Valuetoday
=Value2014 ×
CPItoday/CPI2014
=₡ 100 ×
114.66/99.2
₡115.58

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 7 years between 2014 and 2021 and the average inflation rate was 1.3084%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₡100 × (1 + 0.013084)7
₡109.53

Costa Rica inflation - Conversion table

Initial Value Equivalent value
₡1 colon in 2014 ₡1.1 colones in 2021
₡5 colones in 2014 ₡5.48 colones in 2021
₡10 colones in 2014 ₡10.95 colones in 2021
₡50 colones in 2014 ₡54.76 colones in 2021
₡100 colones in 2014 ₡109.53 colones in 2021
₡500 colones in 2014 ₡547.63 colones in 2021
₡1,000 colones in 2014 ₡1,095.26 colones in 2021
₡5,000 colones in 2014 ₡5,476.31 colones in 2021
₡10,000 colones in 2014 ₡10,952.62 colones in 2021
₡50,000 colones in 2014 ₡54,763.1 colones in 2021
₡100,000 colones in 2014 ₡109,526.19 colones in 2021
₡500,000 colones in 2014 ₡547,630.95 colones in 2021
₡1,000,000 colones in 2014 ₡1,095,261.9 colones in 2021
Cumulative inflation From 2014 15.58%
Avg. annual inflation From 2014 1.83%
CPI 2014 99.2
CPI today 114.66

Value of Colon over time (by year)

Period Value
2014 100
2015 100.8
2016 100.78
2017 102.42
2018 104.7
2019 106.89
2020 107.67
2021 109.53
2022-01 112.41
Today 115.58

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: