# 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
Kč410.06 in 2023

The inflation rate in the Czech Republic between 1992 and 2023 was 310.06%, which translates into a total increase of Kč310.06. This means that 100 korunas in 1992 are equivalent to 410.06 korunas in 2023. In other words, the purchasing power of Kč100 in 1992 equals Kč410.06 in 2023. The average annual inflation rate between these periods was 4.66%.

## Inflation timeline in the Czech Republic (1992 - 2023)

The following chart depicts the equivalence of Kč100 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. Inflation data is provided by governments and international institutions on a monthly basis.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 1992 to 2023 310.06%
Avg. Annual inflation from 1992 to 2023 4.66%
CPI 1992 36.05
CPI 2023 147.83

## 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 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 2023, use the corresponding CPI values:

Value2023
=Value1992 ×
CPI2023/CPI1992
=Kč 100 ×
147.83/36.05
Kč410.06

### 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 Kč100 worth today. There are 31 years between 1992 and 2023 and the average inflation rate was 4.6573%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Kč100 × (1 + 0.046573)31
Kč410.06

## Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 1992 Kč4.1 korunas in 2023
Kč5 korunas in 1992 Kč20.5 korunas in 2023
Kč10 korunas in 1992 Kč41.01 korunas in 2023
Kč50 korunas in 1992 Kč205.03 korunas in 2023
Kč100 korunas in 1992 Kč410.06 korunas in 2023
Kč500 korunas in 1992 Kč2,050.32 korunas in 2023
Kč1,000 korunas in 1992 Kč4,100.63 korunas in 2023
Kč5,000 korunas in 1992 Kč20,503.17 korunas in 2023
Kč10,000 korunas in 1992 Kč41,006.34 korunas in 2023
Kč50,000 korunas in 1992 Kč205,031.72 korunas in 2023
Kč100,000 korunas in 1992 Kč410,063.44 korunas in 2023
Kč500,000 korunas in 1992 Kč2,050,317.2 korunas in 2023
Kč1,000,000 korunas in 1992 Kč4,100,634.41 korunas in 2023
 Cumulative inflation 1992-2023 310.06% Avg. annual inflation 1992-2023 4.66% CPI 1992 36.05 CPI 2023 147.83

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

Period Value
1992 100
1993 120.81
1994 132.94
1995 144.89
1996 157.59
1997 171.13
1998 189.44
1999 193.49
2000 200.79
2001 210.15
2002 214.15
2003 214.41
2004 220.32
2005 224.41
2006 230.1
2007 236.67
2008 251.72
2009 254.28
2010 258.03
2011 262.97
2012 271.62
2013 275.53
2014 276.47
2015 277.33
2016 279.22
2017 286.07
2018 292.22
2019 300.54
2020 310.04
2021 321.94
2022 370.56
2023 410.06

All available years

Today's value of czech korunas by year:

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 |

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