The inflation rate in Hungary between 2002 and today has been 171.74%, which translates into a total increase of Ft171.74. This means that 100 forints in 2002 are equivalent to 271.74 forints in 2023. In other words, the purchasing power of Ft100 in 2002 equals Ft271.74 today. The average annual inflation rate between these periods has been 4.88%.
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:
|Cumulative inflation 2002-2022||127.76%|
|Cumulative inflation 2002-today||171.74%|
|Avg. Annual inflation 2002-2022||4.2%|
|CPI 2023-10 (latest official data)||160.92|
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 2002 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 20 years between 2002 and 2022 and the average inflation rate was 4.2015%. Therefore, we can resolve the formula like this:
|Initial Value||Equivalent value|
|Ft1 forint in 2002||→||Ft2.28 forints in 2022|
|Ft5 forints in 2002||→||Ft11.39 forints in 2022|
|Ft10 forints in 2002||→||Ft22.78 forints in 2022|
|Ft50 forints in 2002||→||Ft113.88 forints in 2022|
|Ft100 forints in 2002||→||Ft227.76 forints in 2022|
|Ft500 forints in 2002||→||Ft1,138.8 forints in 2022|
|Ft1,000 forints in 2002||→||Ft2,277.59 forints in 2022|
|Ft5,000 forints in 2002||→||Ft11,387.97 forints in 2022|
|Ft10,000 forints in 2002||→||Ft22,775.93 forints in 2022|
|Ft50,000 forints in 2002||→||Ft113,879.66 forints in 2022|
|Ft100,000 forints in 2002||→||Ft227,759.31 forints in 2022|
|Ft500,000 forints in 2002||→||Ft1,138,796.56 forints in 2022|
|Ft1,000,000 forints in 2002||→||Ft2,277,593.11 forints in 2022|
|Cumulative inflation From 2002||171.74%|
|Avg. annual inflation From 2002||4.88%|
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 |