Result: Kč100 in 1992 → Kč406.11 in 2023
The Czech Koruna has lost 75% its value since 1992
Updated: February 14, 2022Kč100 in 1992 is equivalent in purchasing power to about Kč406.11 today, an increase of Kč306.11 over 31 years. The koruna had an average inflation rate of 4.62% per year between 1992 and today, producing a cumulative price increase of 306.11%.
This means that today's prices are 4.06 times as high as average prices since 1992, according to the OECD and the World Bank consumer price index for Czechia. A koruna today only buys 24.624% of what it could buy back then.
The inflation rate in 1992 was 11.09%. The current inflation rate compared to last year is now 17.50%. If this number holds, Kč100 today will be equivalent in buying power to Kč117.50 next year.
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| Cumulative price change | 306.11% |
| Average inflation rate | 4.62% |
| Converted amount (Kč100 base) | Kč406.11 |
| Price difference (Kč100 base) | Kč306.11 |
| CPI in 1992 | 36.049 |
| CPI in 2023 | 146.400 |
| Inflation in 1992 | 11.09% |
| Inflation in 2023 | 17.50% |
| Kč100 in 1992 | Kč406.11 in 2023 |
Buying power of Kč100 in 1992
This chart shows a calculation of buying power equivalence for Kč100 in 1992 (price index tracking began in 1991).
For example, if you started with Kč100, you would need to end with Kč406.11 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When Kč100 is equivalent to Kč406.11 over time, that means that the "real value" of a single Czech koruna decreases over time. In other words, a koruna will pay for fewer items at the store.
This effect explains how inflation erodes the value of a koruna over time. By calculating the value in 1992 dollars, the chart below shows how Kč100 is worth less over 31 years.
According to the OECD and the World Bank, each of these CZK amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1992 amounts in today's korunas, based on the 306.11% change in prices:
| Initial value | Equivalent value |
|---|---|
| Kč1 koruna in 1992 | Kč4.06 korunas today |
| Kč5 korunas in 1992 | Kč20.31 korunas today |
| Kč10 korunas in 1992 | Kč40.61 korunas today |
| Kč50 korunas in 1992 | Kč203.06 korunas today |
| Kč100 korunas in 1992 | Kč406.11 korunas today |
| Kč500 korunas in 1992 | Kč2,030.55 korunas today |
| Kč1,000 korunas in 1992 | Kč4,061.11 korunas today |
| Kč5,000 korunas in 1992 | Kč20,305.53 korunas today |
| Kč10,000 korunas in 1992 | Kč40,611.05 korunas today |
| Kč50,000 korunas in 1992 | Kč203,055.26 korunas today |
| Kč100,000 korunas in 1992 | Kč406,110.52 korunas today |
| Kč500,000 korunas in 1992 | Kč2,030,552.60 korunas today |
| Kč1,000,000 korunas in 1992 | Kč4,061,105.21 korunas today |
How to calculate inflation rate for Kč100 since 1992
Our calculations use the following inflation rate formula to calculate the change in value between 1992 and today:
CPI today CPI in 1992
×
1992 CZK value
=
Today's value
Then plug in historical CPI values. The Czech CPI was 36.0493 in the year 1992 and 146.4 in 2023:
146.436.0493
×
Kč100
=
Kč406.11
Kč100 in 1992 has the same "purchasing power" or "buying power" as Kč406.11 in 2023.
To get the total inflation rate for the 31 years between 1992 and 2023, we use the following formula:
CPI in 2023 - CPI in 1992CPI in 1992
×
100
=
Cumulative inflation rate (31 years)
Plugging in the values to this equation, we get:
146.4 - 36.049336.0493
×
100
=
306%
Data source & citation
You may use the following MLA citation for this page: “Czechia Inflation Calculator: World Bank data, 1992-2023 (CZK).” Official Inflation Data, Alioth Finance, 25 Mar. 2023, https://www.officialdata.org/czechia/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 306.11% |
| Average inflation rate | 4.62% |
| Converted amount (Kč100 base) | Kč406.11 |
| Price difference (Kč100 base) | Kč306.11 |
| CPI in 1992 | 36.049 |
| CPI in 2023 | 146.400 |
| Inflation in 1992 | 11.09% |
| Inflation in 2023 | 17.50% |
| Kč100 in 1992 | Kč406.11 in 2023 |