CZK Inflation Calculator - Czech Koruna (2019-2026)

Kč100 in 2019

Kč136.44 in 2023

The cumulative inflation rate in the Czech Republic between 2019 and 2023 was 36.44%, meaning that overall prices were 1.36 times higher than they were in 2019. In other words, the purchasing power of Kč100 in 2019 was equivalent to Kč136.44 in 2023. The average annual inflation rate over this period was 8.08%.

Inflation timeline in the Czech Republic (2019 - 2023)

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.

The following table contains relevant indicators:

Indicator	Value
Cumulative inflation from 2019 to 2023	36.44%
Avg. Annual inflation from 2019 to 2023	8.08%
CPI 2019	108.34
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:

Value_t =Value₀ ×

CPI_t/CPI₀

To obtain the values equivalent in buying power between 2019 and 2023, use the corresponding CPI values:

Value₂₀₂₃

=Value₂₀₁₉ ×

CPI₂₀₂₃/CPI₂₀₁₉

=Kč 100 ×

147.83/108.34

≈Kč136.44

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 4 years between 2019 and 2023 and the average inflation rate was 8.0782%. Therefore, we can resolve the formula like this:

Value₂₀₂₃

=PV × (1 + i)ⁿ

=Kč100 × (1 + 0.080782)⁴