Value of 1998 Czech Korunas today

Kč100 in 1998
Kč201.78 in 2022

The inflation rate in the Czech Republic between 1998 and today has been 101.78%, which translates into a total increase of Kč101.78. This means that 100 korunas in 1998 are equivalent to 201.78 korunas in 2022. In other words, the purchasing power of Kč100 in 1998 equals Kč201.78 today. The average annual inflation rate between these periods has been 2.97%.

Inflation timeline in the Czech Republic (1998 - 2022)

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. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1998-2021 69.95%
Cumulative inflation 1998-today 101.78%
Avg. Annual inflation 1998-2021 2.33%
CPI 1998 68.29
CPI 2021 116.06
CPI 2022-10 (latest official data) 136.5
CPI today 137.8

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 1998 and 2021, use the corresponding CPI values:

Value2021
=Value1998 ×
CPI2021/CPI1998
=Kč 100 ×
116.06/68.29
Kč169.95

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 137.8:

Valuetoday
=Value1998 ×
CPItoday/CPI1998
=Kč 100 ×
137.8/68.29
Kč201.78

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 23 years between 1998 and 2021 and the average inflation rate was 2.3325%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=Kč100 × (1 + 0.023325)23
Kč169.95

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 1998 Kč1.7 korunas in 2021
Kč5 korunas in 1998 Kč8.5 korunas in 2021
Kč10 korunas in 1998 Kč16.99 korunas in 2021
Kč50 korunas in 1998 Kč84.97 korunas in 2021
Kč100 korunas in 1998 Kč169.95 korunas in 2021
Kč500 korunas in 1998 Kč849.73 korunas in 2021
Kč1,000 korunas in 1998 Kč1,699.45 korunas in 2021
Kč5,000 korunas in 1998 Kč8,497.25 korunas in 2021
Kč10,000 korunas in 1998 Kč16,994.51 korunas in 2021
Kč50,000 korunas in 1998 Kč84,972.53 korunas in 2021
Kč100,000 korunas in 1998 Kč169,945.06 korunas in 2021
Kč500,000 korunas in 1998 Kč849,725.28 korunas in 2021
Kč1,000,000 korunas in 1998 Kč1,699,450.56 korunas in 2021
Cumulative inflation From 1998 101.78%
Avg. annual inflation From 1998 2.97%
CPI 1998 68.29
CPI today 137.8

Value of Koruna over time (by year)

Period Value
1998 100
1999 102.14
2000 105.99
2001 110.93
2002 113.04
2003 113.18
2004 116.3
2005 118.46
2006 121.46
2007 124.93
2008 132.87
2009 134.23
2010 136.21
2011 138.82
2012 143.38
2013 145.44
2014 145.94
2015 146.39
2016 147.39
2017 151.01
2018 154.25
2019 158.65
2020 163.66
2021 169.95
2022-10 199.88
Today 201.78

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 |

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