Result: Kč100 in 1992 → Kč309.10 in 2020
Why a koruna today is worth only 32% of a koruna in 1992
Updated: July 14, 2020According 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.
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| 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% |
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:
This conversion table shows various other 1992 amounts in today's korunas, based on the 209.10% change in prices:
| 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, 11 Aug. 2020, https://www.officialdata.org/czechia/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| 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% |