# Inflation calculator - Czech Koruna

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

Kč100 in 1992

Kč328.45 in 2021

The inflation rate in Czech Republic between 1992 and 2021 was 228.45%, which translates into a total increase of Kč228.45. This means that 100 korunas in 1992 are equivalent to 328.45 korunas in 2021. In other words, the purchasing power of Kč100 in 1992 equals Kč328.45 in 2021. The average annual inflation rate between these periods was 4.19%.

## Inflation timeline in Czech Republic (1992 - 2021)

The following chart depicts the equivalence of czech korunas throughout the years 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 (CZK) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1992-2021) 228.45%
Annual inflation avg. (1992-2021) 4.19%
CPI 1992 34.07
CPI 2021 111.9
Kč1 in 1992 Kč3.28 in 2021

## How to calculate the time value of money with inflation data?

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, the future value is the amount in 2021 that equals Kč100 in 1992 in terms of purchasing power. There are 29 years between 1992 and 2021 and the average inflation rate was 4.186%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = Kč100 * (1 + 0.04186)29 = Kč328.453495 ≈ Kč328.45

#### 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 1992 was 34.07 and in 2021 was 111.9. Therefore,

Final value = Initial value *
CPI final/CPI initial
= Kč100 *
111.9/34.07
= Kč328.45

### Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 1992 Kč3.28 korunas in 2021
Kč5 korunas in 1992 Kč16.42 korunas in 2021
Kč10 korunas in 1992 Kč32.85 korunas in 2021
Kč50 korunas in 1992 Kč164.23 korunas in 2021
Kč100 korunas in 1992 Kč328.45 korunas in 2021
Kč500 korunas in 1992 Kč1,642.27 korunas in 2021
Kč1,000 korunas in 1992 Kč3,284.53 korunas in 2021
Kč5,000 korunas in 1992 Kč16,422.67 korunas in 2021
Kč10,000 korunas in 1992 Kč32,845.35 korunas in 2021
Kč50,000 korunas in 1992 Kč164,226.75 korunas in 2021
Kč100,000 korunas in 1992 Kč328,453.49 korunas in 2021
Kč500,000 korunas in 1992 Kč1,642,267.47 korunas in 2021
Kč1,000,000 korunas in 1992 Kč3,284,534.95 korunas in 2021

Period Value
1992 100
1993 112.52
1994 133.05
1995 146.69
1996 157.92
1997 171.71
1998 189.03
1999 201.94
2000 206.64
2001 214.86
2002 223.67
2003 225.13
2004 227.48
2005 233.65
2006 238.93
2007 243.04
2008 256.25
2009 265.64
2010 268.28
2011 274.45
2012 280.9
2013 287.65
2014 291.76
2015 292.06
2016 292.06
2017 297.93
2018 304.97
2019 311.14
2020 321.12
2021 328.45