**Result:**
₡100
in 1960 →
₡52,840.82
in 2022

₡100 in 1960 is equivalent in purchasing power to about ₡52,840.82 today, an increase of ₡52,740.82 over 62 years. The colon had an average inflation rate of 10.64% per year between 1960 and today, producing a cumulative price increase of 52,740.82%.

This means that today's prices are 528.41 times higher than average prices since 1960, according to the World Bank consumer price index for Costa Rica. A colon today only buys 0.19% of what it could buy back then.

The inflation rate in 1960 was 0.79%. The current year-over-year inflation rate (2021 to 2022) is now 0.72%. If this number holds, ₡100 today will be equivalent in buying power to ₡100.72 next year.

⌃

Cumulative price change | 52,740.82% |

Average inflation rate | 10.64% |

Converted amount (₡100 base) | ₡52,840.82 |

Price difference (₡100 base) | ₡52,740.82 |

CPI in 1960 | 1.008 |

CPI in 2022 | 532.584 |

Inflation in 1960 | 0.79% |

Inflation in 2022 | 0.72% |

₡100 in 1960 | ₡52,840.82 in 2022 |

This chart shows a calculation of buying power equivalence for ₡100 in 1960 (price index tracking began in 1959).

For example, if you started with ₡100, you would need to end with ₡52,840.82 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₡100 is equivalent to ₡52,840.82 over time, that means that the "real value" of a single Costa Rican colon decreases over time. In other words, a colon will pay for fewer items at the store.

This effect explains how inflation erodes the value of a colon over time. By calculating the value in 1960 dollars, the chart below shows how ₡100 is worth less over 62 years.

According to the World Bank, each of these CRC amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 1960 amounts in today's colones, based on the 52,740.82% change in prices:

Initial value | Equivalent value |
---|---|

₡1 colon in 1960 | ₡528.41 colones today |

₡5 colones in 1960 | ₡2,642.04 colones today |

₡10 colones in 1960 | ₡5,284.08 colones today |

₡50 colones in 1960 | ₡26,420.41 colones today |

₡100 colones in 1960 | ₡52,840.82 colones today |

₡500 colones in 1960 | ₡264,204.11 colones today |

₡1,000 colones in 1960 | ₡528,408.21 colones today |

₡5,000 colones in 1960 | ₡2,642,041.05 colones today |

₡10,000 colones in 1960 | ₡5,284,082.11 colones today |

₡50,000 colones in 1960 | ₡26,420,410.54 colones today |

₡100,000 colones in 1960 | ₡52,840,821.08 colones today |

₡500,000 colones in 1960 | ₡264,204,105.40 colones today |

₡1,000,000 colones in 1960 | ₡528,408,210.79 colones today |

Our calculations use the following inflation rate formula to calculate the change in value between 1960 and today:

CPI today
CPI in 1960

×

1960 CRC value

=

Today's value

Then plug in historical CPI values. The Costa Rican CPI was 1.00790205818 in the year 1960 and 532.5837232146031 in 2022:

532.58372321460311.00790205818

×

₡100

=

₡100 in 1960 has the same "purchasing power" or "buying power" as ₡52,840.82 in 2022.

To get the total inflation rate for the 62 years between 1960 and 2022, we use the following formula:

CPI in 2022 - CPI in 1960CPI in 1960

×

100

=

Plugging in the values to this equation, we get:

532.5837232146031 - 1.007902058181.00790205818

×

100

=

Politics and news often influence economic performance. Here's what was happening at the time:

- Johnny Cash plays his first concert in a prison.
- The Bank of France issues new franc currency, worth 100 times the value of old francs.
- France grants independence to Cameroon (previously French Cameroon) after years of fighting.
- Guided missiles are launched for the first time from a nuclear powered submarine

You may use the following MLA citation for this page: “Costa Rica Inflation Calculator: World Bank data, 1960-2022 (CRC).” Official Inflation Data, Alioth Finance, 16 Jan. 2022, https://www.officialdata.org/costa-rica/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

Cumulative price change | 52,740.82% |

Average inflation rate | 10.64% |

Converted amount (₡100 base) | ₡52,840.82 |

Price difference (₡100 base) | ₡52,740.82 |

CPI in 1960 | 1.008 |

CPI in 2022 | 532.584 |

Inflation in 1960 | 0.79% |

Inflation in 2022 | 0.72% |

₡100 in 1960 | ₡52,840.82 in 2022 |