Czechia Inflation Calculator

Result: Kč100 in 1992 → Kč309.10 in 2020


Why a koruna today is worth only 32% of a koruna in 1992

Updated: October 13, 2020

According to the World Bank consumer price index for Czechia, today's prices in 2020 are 209.10% higher than average prices since 1992. This means that a koruna today only buys 32.35% of what it could buy in 1992. The Czech Koruna experienced an average inflation rate of 4.11% per year during this period, causing the real value of a koruna to decrease.

In other words, Kč100 in 1992 is equivalent in purchasing power to about Kč309.10 in 2020, a difference of Kč209.10 over 28 years. This inflation data is collected by the World Bank and is specific to Czechia.

The 1992 inflation rate was 11.09%. The current year-over-year inflation rate (2019 to 2020) is now 2.85%1. If this number holds, Kč100 today will be equivalent in buying power to Kč102.85 next year.


Inflation from 1992 to 2020
Cumulative price change 209.10%
Average inflation rate 4.11%
Converted amount (Kč100 base) Kč309.10
Price difference (Kč100 base) Kč209.10
CPI in 1992 38.756
CPI in 2020 119.793
Inflation in 1992 11.09%
Inflation in 2020 2.85%

CZK Inflation since 1991
Annual Rate, the World Bank CPI
Download

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 Kč309.10 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When Kč100 is equivalent to Kč309.10 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 28 years.

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

Koruna inflation: 1992-2020
Year Koruna Value Inflation Rate
1992 Kč100.00 11.09%
1993 Kč120.81 20.81%
1994 Kč132.94 10.04%
1995 Kč144.89 8.99%
1996 Kč157.59 8.76%
1997 Kč171.13 8.60%
1998 Kč189.44 10.70%
1999 Kč193.49 2.14%
2000 Kč200.79 3.78%
2001 Kč210.15 4.66%
2002 Kč214.15 1.90%
2003 Kč214.41 0.12%
2004 Kč220.32 2.76%
2005 Kč224.41 1.86%
2006 Kč230.10 2.53%
2007 Kč236.67 2.85%
2008 Kč251.72 6.36%
2009 Kč254.28 1.02%
2010 Kč258.03 1.47%
2011 Kč262.97 1.92%
2012 Kč271.62 3.29%
2013 Kč275.53 1.44%
2014 Kč276.47 0.34%
2015 Kč277.33 0.31%
2016 Kč279.22 0.68%
2017 Kč286.07 2.45%
2018 Kč292.22 2.15%
2019 Kč300.54 2.85%
2020 Kč309.10 2.85%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 22 more rows

This conversion table shows various other 1992 amounts in today's korunas, based on the 209.10% change in prices:

Conversion Table: Value of a koruna today
Initial value Equivalent value
Kč1 koruna in 1992 Kč3.09 korunas today
Kč5 korunas in 1992 Kč15.45 korunas today
Kč10 korunas in 1992 Kč30.91 korunas today
Kč50 korunas in 1992 Kč154.55 korunas today
Kč100 korunas in 1992 Kč309.10 korunas today
Kč500 korunas in 1992 Kč1,545.48 korunas today
Kč1,000 korunas in 1992 Kč3,090.96 korunas today
Kč5,000 korunas in 1992 Kč15,454.82 korunas today
Kč10,000 korunas in 1992 Kč30,909.64 korunas today
Kč50,000 korunas in 1992 Kč154,548.20 korunas today
Kč100,000 korunas in 1992 Kč309,096.40 korunas today
Kč500,000 korunas in 1992 Kč1,545,481.99 korunas today
Kč1,000,000 korunas in 1992 Kč3,090,963.97 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 38.7557480738 in the year 1992 and 119.79262097706209 in 2020:

119.7926209770620938.7557480738
×
Kč100
=
Kč309.10

Kč100 in 1992 has the same "purchasing power" or "buying power" as Kč309.10 in 2020.

To get the total inflation rate for the 28 years between 1992 and 2020, we use the following formula:

CPI in 2020 - CPI in 1992CPI in 1992
×
100
=
Cumulative inflation rate (28 years)

Plugging in the values to this equation, we get:

119.79262097706209 - 38.755748073838.7557480738
×
100
=
209%

News headlines from 1992

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

  • The Conservative party wins the 1992 British general election, returning John Major to his role as Prime Minister.
  • Nelson Mandela's meets with UN Secretary-General Boutros Boutros-Ghali at Dakar.
  • Bill Clinton is elected President of the United States.

Data Source & Citation

You may use the following MLA citation for this page: “Czechia Inflation Calculator: World Bank data, 1992-2020 (CZK).” Official Inflation Data, Alioth Finance, 23 Oct. 2020, https://www.officialdata.org/czechia/inflation.

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


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1992 to 2020
Cumulative price change 209.10%
Average inflation rate 4.11%
Converted amount (Kč100 base) Kč309.10
Price difference (Kč100 base) Kč209.10
CPI in 1992 38.756
CPI in 2020 119.793
Inflation in 1992 11.09%
Inflation in 2020 2.85%