# Inflation calculator - Polish Zloty

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.

zł100 in 1989
zł15,125.08 in 2023

The inflation rate in Poland between 1989 and 2023 was 15,025.08%, which translates into a total increase of zł15,025.08. This means that 100 zloty in 1989 are equivalent to 15,125.08 zloty in 2023. In other words, the purchasing power of zł100 in 1989 equals zł15,125.08 in 2023. The average annual inflation rate between these periods was 15.91%.

## Inflation timeline in Poland (1989 - 2023)

The following chart depicts the equivalence of zł100 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 (PLN) 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 1989 to 2023 15,025.08%
Avg. Annual inflation from 1989 to 2023 15.91%
CPI 1989 0.97
CPI 2023 146.27

## 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 1989 and 2023, use the corresponding CPI values:

Value2023
=Value1989 ×
CPI2023/CPI1989
=zł 100 ×
146.27/0.97
zł15,125.08

### 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 zł100 worth today. There are 34 years between 1989 and 2023 and the average inflation rate was 15.9068%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=zł100 × (1 + 0.159068)34
zł15,125.08

## Poland inflation - Conversion table

Initial Value Equivalent value
zł1 zloty in 1989 zł151.25 zloty in 2023
zł5 zloty in 1989 zł756.25 zloty in 2023
zł10 zloty in 1989 zł1,512.51 zloty in 2023
zł50 zloty in 1989 zł7,562.54 zloty in 2023
zł100 zloty in 1989 zł15,125.08 zloty in 2023
zł500 zloty in 1989 zł75,625.41 zloty in 2023
zł1,000 zloty in 1989 zł151,250.83 zloty in 2023
zł5,000 zloty in 1989 zł756,254.14 zloty in 2023
zł10,000 zloty in 1989 zł1,512,508.28 zloty in 2023
zł50,000 zloty in 1989 zł7,562,541.38 zloty in 2023
zł100,000 zloty in 1989 zł15,125,082.75 zloty in 2023
zł500,000 zloty in 1989 zł75,625,413.75 zloty in 2023
zł1,000,000 zloty in 1989 zł151,250,827.5 zloty in 2023
 Cumulative inflation 1989-2023 15,025.08% Avg. annual inflation 1989-2023 15.91% CPI 1989 0.97 CPI 2023 146.27

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

Period Value
1989 100
1990 667.88
1991 1,180.61
1992 1,724.85
1993 2,362.42
1994 3,141.82
1995 4,020
1996 4,815.76
1997 5,533.94
1998 6,175.76
1999 6,617.58
2000 7,272.73
2001 7,666.06
2002 7,812.12
2003 7,865.45
2004 8,131.52
2005 8,309.09
2006 8,415.84
2007 8,622.76
2008 8,981.9
2009 9,322.79
2010 9,563.39
2011 9,968.82
2012 10,323.74
2013 10,426.16
2014 10,431.76
2015 10,340.58
2016 10,271.84
2017 10,485.08
2018 10,675.17
2019 10,912.95
2020 11,281.21
2021 11,851.47
2022 13,561.58
2023 15,125.08

All available years

Today's value of polish zloty by year:

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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