**Result:**
₡100
in 1961 →
₡51,525.41
in 2020

According to the World Bank consumer price index for Costa Rica, today's prices in 2020 are 51,425.41% higher than average prices since 1961. This means that a colon today only buys 0.19% of what it could buy in 1961. The Costa Rican Colon experienced an average inflation rate of 11.16% per year during this period, causing the real value of a colon to decrease.

In other words, ₡100 in 1961 is equivalent in purchasing power to about ₡51,525.41 in 2020, a difference of ₡51,425.41 over 59 years. This inflation data is collected by the World Bank and is specific to Costa Rica.

The 1961 inflation rate was 2.43%. The current year-over-year inflation rate (2019 to 2020) is now 2.10%^{1}.
If this number holds, ₡100 today will be equivalent in buying power to ₡102.10 next year.

⌃

Cumulative price change | 51,425.41% |

Average inflation rate | 11.16% |

Converted amount (₡100 base) | ₡51,525.41 |

Price difference (₡100 base) | ₡51,425.41 |

CPI in 1961 | 0.255 |

CPI in 2020 | 131.547 |

Inflation in 1961 | 2.43% |

Inflation in 2020 | 2.10% |

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 ₡51,525.41 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₡100 is equivalent to ₡51,525.41 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 59 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 51,425.41% change in prices:

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

₡1 colon in 1961 | ₡515.25 colones today |

₡5 colones in 1961 | ₡2,576.27 colones today |

₡10 colones in 1961 | ₡5,152.54 colones today |

₡50 colones in 1961 | ₡25,762.71 colones today |

₡100 colones in 1961 | ₡51,525.41 colones today |

₡500 colones in 1961 | ₡257,627.07 colones today |

₡1,000 colones in 1961 | ₡515,254.13 colones today |

₡5,000 colones in 1961 | ₡2,576,270.67 colones today |

₡10,000 colones in 1961 | ₡5,152,541.33 colones today |

₡50,000 colones in 1961 | ₡25,762,706.66 colones today |

₡100,000 colones in 1961 | ₡51,525,413.32 colones today |

₡500,000 colones in 1961 | ₡257,627,066.62 colones today |

₡1,000,000 colones in 1961 | ₡515,254,133.23 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 131.54673982042527 in 2020:

131.546739820425270.2553045795

×

₡100

=

₡100 in 1961 has the same "purchasing power" or "buying power" as ₡51,525.41 in 2020.

To get the total inflation rate for the 59 years between 1961 and 2020, we use the following formula:

CPI in 2020 - CPI in 1961CPI in 1961

×

100

=

Plugging in the values to this equation, we get:

131.54673982042527 - 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, 1961-2020 (CRC).” Official Inflation Data, Alioth Finance, 22 Oct. 2020, 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 | 51,425.41% |

Average inflation rate | 11.16% |

Converted amount (₡100 base) | ₡51,525.41 |

Price difference (₡100 base) | ₡51,425.41 |

CPI in 1961 | 0.255 |

CPI in 2020 | 131.547 |

Inflation in 1961 | 2.43% |

Inflation in 2020 | 2.10% |