Value of 2016 Czech Korunas today

Kč100 in 2016
Kč150.19 in 2024

The inflation rate in the Czech Republic between 2016 and today has been 50.19%, which translates into a total increase of Kč50.19. This means that 100 korunas in 2016 are equivalent to 150.19 korunas in 2024. In other words, the purchasing power of Kč100 in 2016 equals Kč150.19 today. The average annual inflation rate between these periods has been 5.22%.

Inflation timeline in the Czech Republic (2016 - 2024)

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 2016-2023 46.86%
Cumulative inflation 2016-today 50.19%
Avg. Annual inflation 2016-2023 5.64%
CPI 2016 100.66
CPI 2023 147.83
CPI 2024-06 (latest official data) 151
CPI today 151.18

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 2016 and 2023, use the corresponding CPI values:

Value2023
=Value2016 ×
CPI2023/CPI2016
=Kč 100 ×
147.83/100.66
Kč146.86

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 151.18:

Valuetoday
=Value2016 ×
CPItoday/CPI2016
=Kč 100 ×
151.18/100.66
Kč150.19

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 7 years between 2016 and 2023 and the average inflation rate was 5.6435%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Kč100 × (1 + 0.056435)7
Kč146.86

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 2016 Kč1.47 korunas in 2023
Kč5 korunas in 2016 Kč7.34 korunas in 2023
Kč10 korunas in 2016 Kč14.69 korunas in 2023
Kč50 korunas in 2016 Kč73.43 korunas in 2023
Kč100 korunas in 2016 Kč146.86 korunas in 2023
Kč500 korunas in 2016 Kč734.29 korunas in 2023
Kč1,000 korunas in 2016 Kč1,468.58 korunas in 2023
Kč5,000 korunas in 2016 Kč7,342.91 korunas in 2023
Kč10,000 korunas in 2016 Kč14,685.82 korunas in 2023
Kč50,000 korunas in 2016 Kč73,429.12 korunas in 2023
Kč100,000 korunas in 2016 Kč146,858.23 korunas in 2023
Kč500,000 korunas in 2016 Kč734,291.16 korunas in 2023
Kč1,000,000 korunas in 2016 Kč1,468,582.32 korunas in 2023
 Cumulative inflation From 2016 50.19% Avg. annual inflation From 2016 5.22% CPI 2016 100.66 CPI today 151.18

Value of Koruna over time (by year)

Period Value
2016 100
2017 102.45
2018 104.65
2019 107.63
2020 111.04
2021 115.3
2022 132.71
2023 146.86
2024-06 150.01
Today 150.19

All available years

Today's value of czech korunas 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 |

Other currencies: