Inflation calculator - Czech Koruna

Kč13,219 in 2000
Kč24,395.64 in 2022

The inflation rate in the Czech Republic between 2000 and 2022 was 84.55%, which translates into a total increase of Kč11,176.64. This means that 13,219 korunas in 2000 are equivalent to 24,395.64 korunas in 2022. In other words, the purchasing power of Kč13,219 in 2000 equals Kč24,395.64 in 2022. The average annual inflation rate between these periods was 2.82%.

Inflation timeline in the Czech Republic (2000 - 2022)

The following chart depicts the equivalence of Kč13,219 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 2000 to 2022 84.55%
Avg. Annual inflation from 2000 to 2022 2.82%
CPI 2000 72.38
CPI 2022 133.58

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 2000 and 2022, use the corresponding CPI values:

Value2022
=Value2000 ×
CPI2022/CPI2000
=Kč 13,219 ×
133.58/72.38
Kč24,395.64

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 Kč13,219 worth today. There are 22 years between 2000 and 2022 and the average inflation rate was 2.8244%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=Kč13,219 × (1 + 0.028244)22
Kč24,395.64

Czech Republic inflation - Conversion table

Initial Value Equivalent value
Kč1 koruna in 2000 Kč1.85 korunas in 2022
Kč5 korunas in 2000 Kč9.23 korunas in 2022
Kč10 korunas in 2000 Kč18.45 korunas in 2022
Kč50 korunas in 2000 Kč92.27 korunas in 2022
Kč100 korunas in 2000 Kč184.55 korunas in 2022
Kč500 korunas in 2000 Kč922.75 korunas in 2022
Kč1,000 korunas in 2000 Kč1,845.5 korunas in 2022
Kč5,000 korunas in 2000 Kč9,227.49 korunas in 2022
Kč10,000 korunas in 2000 Kč18,454.98 korunas in 2022
Kč50,000 korunas in 2000 Kč92,274.91 korunas in 2022
Kč100,000 korunas in 2000 Kč184,549.81 korunas in 2022
Kč500,000 korunas in 2000 Kč922,749.06 korunas in 2022
Kč1,000,000 korunas in 2000 Kč1,845,498.13 korunas in 2022
Cumulative inflation 2000-2022 84.55%
Avg. annual inflation 2000-2022 2.82%
CPI 2000 72.38
CPI 2022 133.58

Value of Koruna over time (by year)

Period Value
2000 13,219
2001 13,835.36
2002 14,098.64
2003 14,115.38
2004 14,504.98
2005 14,774.36
2006 15,148.74
2007 15,580.95
2008 16,571.69
2009 16,740.62
2010 16,987.16
2011 17,312.84
2012 17,882.02
2013 18,139.22
2014 18,201.62
2015 18,257.93
2016 18,382.71
2017 18,833.2
2018 19,238.02
2019 19,785.89
2020 20,411.38
2021 21,195.14
2022 24,395.64

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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