The cumulative inflation rate in the Czech Republic between 2003 and today has been 102.45%, meaning that prices are 2.02 times higher than they were in 2003. In practical terms, the purchasing power of Kč100 in 2003 is equivalent to Kč202.45 in today's koruna. The average annual inflation rate over this period has been 3.26%.
The chart below shows how the value of Kč100 changes over time when adjusted for inflation, based on Consumer Price Index (CPI) data. All values are equivalent in terms of purchasing power, indicating how much money would be needed each year to buy the same goods or services.
All calculations are performed in Czech koruna with six-decimal precision, though displayed values are rounded to two decimals for readability. Inflation figures are sourced from official government and international reports released monthly. To convert historical amounts into today's koruna, we use the most recent CPI data available and extrapolate it to estimate the CPI for today.
The following table contains relevant indicators:
| Indicator | Value |
|---|---|
| Cumulative inflation 2003-2024 | 95.91% |
| Cumulative inflation 2003-today | 102.45% |
| Avg. Annual inflation 2003-2024 | 3.25% |
| CPI 2003 | 77.29 |
| CPI 2024 | 151.43 |
| CPI 2025-10 (latest official data) | 156.1 |
| CPI today | 156.47 |
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.
When we have both the start and end years, we can use the following formula:
To obtain the values equivalent in buying power between 2003 and 2024, use the corresponding CPI values:
To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 156.47:
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:
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 21 years between 2003 and 2024 and the average inflation rate was 3.2542%. Therefore, we can resolve the formula like this:
| Initial Value | Equivalent value | |
|---|---|---|
| Kč1 koruna in 2003 | → | Kč1.96 koruna in 2024 |
| Kč5 koruna in 2003 | → | Kč9.8 koruna in 2024 |
| Kč10 koruna in 2003 | → | Kč19.59 koruna in 2024 |
| Kč50 koruna in 2003 | → | Kč97.96 koruna in 2024 |
| Kč100 koruna in 2003 | → | Kč195.91 koruna in 2024 |
| Kč500 koruna in 2003 | → | Kč979.57 koruna in 2024 |
| Kč1,000 koruna in 2003 | → | Kč1,959.14 koruna in 2024 |
| Kč5,000 koruna in 2003 | → | Kč9,795.69 koruna in 2024 |
| Kč10,000 koruna in 2003 | → | Kč19,591.38 koruna in 2024 |
| Kč50,000 koruna in 2003 | → | Kč97,956.88 koruna in 2024 |
| Kč100,000 koruna in 2003 | → | Kč195,913.76 koruna in 2024 |
| Kč500,000 koruna in 2003 | → | Kč979,568.82 koruna in 2024 |
| Kč1,000,000 koruna in 2003 | → | Kč1,959,137.64 koruna in 2024 |
| Cumulative inflation From 2003 | 102.45% |
| Avg. annual inflation From 2003 | 3.26% |
| CPI 2003 | 77.29 |
| CPI today | 156.47 |
| Period | Value |
|---|---|
| 2003 | 100 |
| 2004 | 102.76 |
| 2005 | 104.67 |
| 2006 | 107.32 |
| 2007 | 110.38 |
| 2008 | 117.4 |
| 2009 | 118.6 |
| 2010 | 120.35 |
| 2011 | 122.65 |
| 2012 | 126.68 |
| 2013 | 128.51 |
| 2014 | 128.95 |
| 2015 | 129.35 |
| 2016 | 130.23 |
| 2017 | 133.42 |
| 2018 | 136.29 |
| 2019 | 140.17 |
| 2020 | 144.6 |
| 2021 | 150.16 |
| 2022 | 172.83 |
| 2023 | 191.26 |
| 2024 | 195.91 |
| 2025-10 | 201.96 |
| Today | 202.45 |
All available years
Today's value of Czech koruna by year:
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 | 2022 | 2023 | 2024 |
Other currencies: