Ft

# Inflation calculator - Hungarian Forints

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

Ft100 in 1980
Ft5,324.17 in 2023

The inflation rate in Hungary between 1980 and 2023 was 5,224.17%, which translates into a total increase of Ft5,224.17. This means that 100 forints in 1980 are equivalent to 5,324.17 forints in 2023. In other words, the purchasing power of Ft100 in 1980 equals Ft5,324.17 in 2023. The average annual inflation rate between these periods was 9.68%.

## Inflation timeline in Hungary (1980 - 2023)

The following chart depicts the equivalence of Ft100 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 (HUF) 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 1980 to 2023 5,224.17%
Avg. Annual inflation from 1980 to 2023 9.68%
CPI 1980 2.99
CPI 2023 159.22

## 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 1980 and 2023, use the corresponding CPI values:

Value2023
=Value1980 ×
CPI2023/CPI1980
=Ft 100 ×
159.22/2.99
Ft5,324.17

### 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 Ft100 worth today. There are 43 years between 1980 and 2023 and the average inflation rate was 9.6845%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Ft100 × (1 + 0.096845)43
Ft5,324.17

## Hungary inflation - Conversion table

Initial Value Equivalent value
Ft1 forint in 1980 Ft53.24 forints in 2023
Ft5 forints in 1980 Ft266.21 forints in 2023
Ft10 forints in 1980 Ft532.42 forints in 2023
Ft50 forints in 1980 Ft2,662.09 forints in 2023
Ft100 forints in 1980 Ft5,324.17 forints in 2023
Ft500 forints in 1980 Ft26,620.86 forints in 2023
Ft1,000 forints in 1980 Ft53,241.73 forints in 2023
Ft5,000 forints in 1980 Ft266,208.65 forints in 2023
Ft10,000 forints in 1980 Ft532,417.3 forints in 2023
Ft50,000 forints in 1980 Ft2,662,086.49 forints in 2023
Ft100,000 forints in 1980 Ft5,324,172.99 forints in 2023
Ft500,000 forints in 1980 Ft26,620,864.93 forints in 2023
Ft1,000,000 forints in 1980 Ft53,241,729.85 forints in 2023
 Cumulative inflation 1980-2023 5,224.17% Avg. annual inflation 1980-2023 9.68% CPI 1980 2.99 CPI 2023 159.22

### Value of Forint over time (by year)

Period Value
1980 100
1981 104.66
1982 111.82
1983 119.96
1984 130.11
1985 139.15
1986 146.51
1987 159.22
1988 184.25
1989 215.85
1990 277.09
1991 373.56
1992 461.93
1993 565.7
1994 672.44
1995 862.77
1996 1,065.26
1997 1,260.25
1998 1,438.63
1999 1,582.46
2000 1,737.6
2001 1,896.01
2002 1,995.84
2003 2,088.87
2004 2,229.75
2005 2,309.16
2006 2,399.92
2007 2,590.92
2008 2,747.48
2009 2,863.2
2010 3,002.22
2011 3,120.21
2012 3,296.56
2013 3,353.7
2014 3,346.07
2015 3,344.01
2016 3,357.21
2017 3,436.04
2018 3,533.98
2019 3,651.96
2020 3,773.45
2021 3,966.32
2022 4,545.72
2023 5,324.17

All available years

Today's value of hungarian forint by year:

1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 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 |

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