The inflation rate in Hungary between 1988 and today has been 2,843.46%, which translates into a total increase of Ft2,843.46. This means that 100 forints in 1988 are equivalent to 2,943.46 forints in 2023. In other words, the purchasing power of Ft100 in 1988 equals Ft2,943.46 today. The average annual inflation rate between these periods has been 10.15%.
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. Today's values were extrapolated from the latest 12-month rolling average official data.
The following table contains relevant indicators:
| Indicator | Value |
|---|---|
| Cumulative inflation 1988-2022 | 2,367.1% |
| Cumulative inflation 1988-today | 2,843.46% |
| Avg. Annual inflation 1988-2022 | 9.89% |
| CPI 1988 | 5.51 |
| CPI 2022 | 135.94 |
| CPI 2023-10 (latest official data) | 160.92 |
| CPI today | 162.18 |
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 1988 and 2022, use the corresponding CPI values:
To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 162.18:
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 Ft100 worth today. There are 34 years between 1988 and 2022 and the average inflation rate was 9.8871%. Therefore, we can resolve the formula like this:
| Initial Value | Equivalent value | |
|---|---|---|
| Ft1 forint in 1988 | → | Ft24.67 forints in 2022 |
| Ft5 forints in 1988 | → | Ft123.36 forints in 2022 |
| Ft10 forints in 1988 | → | Ft246.71 forints in 2022 |
| Ft50 forints in 1988 | → | Ft1,233.55 forints in 2022 |
| Ft100 forints in 1988 | → | Ft2,467.1 forints in 2022 |
| Ft500 forints in 1988 | → | Ft12,335.52 forints in 2022 |
| Ft1,000 forints in 1988 | → | Ft24,671.04 forints in 2022 |
| Ft5,000 forints in 1988 | → | Ft123,355.2 forints in 2022 |
| Ft10,000 forints in 1988 | → | Ft246,710.41 forints in 2022 |
| Ft50,000 forints in 1988 | → | Ft1,233,552.04 forints in 2022 |
| Ft100,000 forints in 1988 | → | Ft2,467,104.08 forints in 2022 |
| Ft500,000 forints in 1988 | → | Ft12,335,520.41 forints in 2022 |
| Ft1,000,000 forints in 1988 | → | Ft24,671,040.81 forints in 2022 |
| Cumulative inflation From 1988 | 2,843.46% |
| Avg. annual inflation From 1988 | 10.15% |
| CPI 1988 | 5.51 |
| CPI today | 162.18 |
| Period | Value |
|---|---|
| 1988 | 100 |
| 1989 | 117.15 |
| 1990 | 150.38 |
| 1991 | 202.74 |
| 1992 | 250.7 |
| 1993 | 307.02 |
| 1994 | 364.95 |
| 1995 | 468.25 |
| 1996 | 578.15 |
| 1997 | 683.98 |
| 1998 | 780.79 |
| 1999 | 858.85 |
| 2000 | 943.05 |
| 2001 | 1,029.02 |
| 2002 | 1,083.21 |
| 2003 | 1,133.7 |
| 2004 | 1,210.16 |
| 2005 | 1,253.26 |
| 2006 | 1,302.51 |
| 2007 | 1,406.18 |
| 2008 | 1,491.14 |
| 2009 | 1,553.95 |
| 2010 | 1,629.4 |
| 2011 | 1,693.43 |
| 2012 | 1,789.15 |
| 2013 | 1,820.16 |
| 2014 | 1,816.02 |
| 2015 | 1,814.9 |
| 2016 | 1,822.06 |
| 2017 | 1,864.85 |
| 2018 | 1,918 |
| 2019 | 1,982.03 |
| 2020 | 2,047.97 |
| 2021 | 2,152.64 |
| 2022 | 2,467.1 |
| 2023-10 | 2,920.49 |
| Today | 2,943.46 |
All available years
Today's value of hungarian forint by year:
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 |
Other currencies:
