**Result:**
₡100
in 1961 →
₡51,201.77
in 2021

₡100 in 1961 is equivalent in purchasing power to about ₡51,201.77 today, an increase of ₡51,101.77 over 60 years. The colon had an average inflation rate of 10.96% per year between 1961 and today, producing a cumulative price increase of 51,101.77%.

This means that today's prices are 512.02 times higher than average prices since 1961, according to the World Bank consumer price index for Costa Rica. A colon today only buys 0.20% of what it could buy back then.

The 1961 inflation rate was 2.43%. The current year-over-year inflation rate (2020 to 2021) is now 0.72%^{1}.
If this number holds, ₡100 today will be equivalent in buying power to ₡100.72 next year.

⌃

Cumulative price change | 51,101.77% |

Average inflation rate | 10.96% |

Converted amount (₡100 base) | ₡51,201.77 |

Price difference (₡100 base) | ₡51,101.77 |

CPI in 1961 | 0.255 |

CPI in 2021 | 130.720 |

Inflation in 1961 | 2.43% |

Inflation in 2021 | 0.72% |

₡100 in 1961 | ₡51,201.77 in 2021 |

This chart shows a calculation of buying power equivalence for ₡100 in 1961 (price index tracking began in 1960).

For example, if you started with ₡100, you would need to end with ₡51,201.77 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₡100 is equivalent to ₡51,201.77 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 1961 dollars, the chart below shows how ₡100 is worth less over 60 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 1961 amounts in today's colones, based on the 51,101.77% change in prices:

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

₡1 colon in 1961 | ₡512.02 colones today |

₡5 colones in 1961 | ₡2,560.09 colones today |

₡10 colones in 1961 | ₡5,120.18 colones today |

₡50 colones in 1961 | ₡25,600.88 colones today |

₡100 colones in 1961 | ₡51,201.77 colones today |

₡500 colones in 1961 | ₡256,008.84 colones today |

₡1,000 colones in 1961 | ₡512,017.69 colones today |

₡5,000 colones in 1961 | ₡2,560,088.43 colones today |

₡10,000 colones in 1961 | ₡5,120,176.85 colones today |

₡50,000 colones in 1961 | ₡25,600,884.27 colones today |

₡100,000 colones in 1961 | ₡51,201,768.53 colones today |

₡500,000 colones in 1961 | ₡256,008,842.67 colones today |

₡1,000,000 colones in 1961 | ₡512,017,685.33 colones today |

Our calculations use the following inflation rate formula to calculate the change in value between 1961 and today:

CPI today
CPI in 1961

×

1961 CRC value

=

Today's value

Then plug in historical CPI values. The Costa Rican CPI was 0.2553045795 in the year 1961 and 130.7204598507271 in 2021:

130.72045985072710.2553045795

×

₡100

=

₡100 in 1961 has the same "purchasing power" or "buying power" as ₡51,201.77 in 2021.

To get the total inflation rate for the 60 years between 1961 and 2021, we use the following formula:

CPI in 2021 - CPI in 1961CPI in 1961

×

100

=

Plugging in the values to this equation, we get:

130.7204598507271 - 0.25530457950.2553045795

×

100

=

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

- A dog named Chernushka, frogs, and a guinea pig orbit the Earth in the Soviet flight Sputnik 9.
- Nelson Mandela is acquitted of treason after a four-and-a-half year trial.

You may use the following MLA citation for this page: “Costa Rica Inflation Calculator: World Bank data, 1961-2021 (CRC).” Official Inflation Data, Alioth Finance, 1 Aug. 2021, 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 | 51,101.77% |

Average inflation rate | 10.96% |

Converted amount (₡100 base) | ₡51,201.77 |

Price difference (₡100 base) | ₡51,101.77 |

CPI in 1961 | 0.255 |

CPI in 2021 | 130.720 |

Inflation in 1961 | 2.43% |

Inflation in 2021 | 0.72% |

₡100 in 1961 | ₡51,201.77 in 2021 |