Result: Ft100 in 1973 → Ft7,657.04 in 2023
Ft100 in 1973 is equivalent in purchasing power to about Ft7,657.04 today, an increase of Ft7,557.04 over 50 years. The forint had an average inflation rate of 9.06% per year between 1973 and today, producing a cumulative price increase of 7,557.04%.
This means that today's prices are 76.57 times as high as average prices since 1973, according to the OECD and the World Bank consumer price index for Hungary. A forint today only buys 1.306% of what it could buy back then.
The inflation rate in 1973 was 3.39%. The current inflation rate compared to last year is now 16.36%. If this number holds, Ft100 today will be equivalent in buying power to Ft116.36 next year.
Cumulative price change | 7,557.04% |
Average inflation rate | 9.06% |
Converted amount Ft100 base | Ft7,657.04 |
Price difference Ft100 base | Ft7,557.04 |
CPI in 1973 | 2.075 |
CPI in 2023 | 158.895 |
Inflation in 1973 | 3.39% |
Inflation in 2023 | 16.36% |
Ft100 in 1973 | Ft7,657.04 in 2023 |
This chart shows a calculation of buying power equivalence for Ft100 in 1973 (price index tracking began in 1972).
For example, if you started with Ft100, you would need to end with Ft7,657.04 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When Ft100 is equivalent to Ft7,657.04 over time, that means that the "real value" of a single Hungarian forint decreases over time. In other words, a forint will pay for fewer items at the store.
This effect explains how inflation erodes the value of a forint over time. By calculating the value in 1973 dollars, the chart below shows how Ft100 is worth less over 50 years.
According to the OECD and the World Bank, each of these HUF amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1973 amounts in today's forints, based on the 7,557.04% change in prices:
Initial value | Equivalent value |
---|---|
Ft1 forint in 1973 | Ft76.57 forints today |
Ft5 forints in 1973 | Ft382.85 forints today |
Ft10 forints in 1973 | Ft765.70 forints today |
Ft50 forints in 1973 | Ft3,828.52 forints today |
Ft100 forints in 1973 | Ft7,657.04 forints today |
Ft500 forints in 1973 | Ft38,285.20 forints today |
Ft1,000 forints in 1973 | Ft76,570.39 forints today |
Ft5,000 forints in 1973 | Ft382,851.96 forints today |
Ft10,000 forints in 1973 | Ft765,703.91 forints today |
Ft50,000 forints in 1973 | Ft3,828,519.57 forints today |
Ft100,000 forints in 1973 | Ft7,657,039.13 forints today |
Ft500,000 forints in 1973 | Ft38,285,195.66 forints today |
Ft1,000,000 forints in 1973 | Ft76,570,391.31 forints today |
Our calculations use the following inflation rate formula to calculate the change in value between 1973 and today:
Then plug in historical CPI values. The Hungarian CPI was 2.07514546121272 in the year 1973 and 158.8947 in 2023:
Ft100 in 1973 has the same "purchasing power" or "buying power" as Ft7,657.04 in 2023.
To get the total inflation rate for the 50 years between 1973 and 2023, we use the following formula:
Plugging in the values to this equation, we get:
You may use the following MLA citation for this page: “Hungary Inflation Calculator: World Bank data, 1973-2023 (HUF).” Official Inflation Data, Alioth Finance, 14 Sep. 2023, https://www.officialdata.org/hungary/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
Cumulative price change | 7,557.04% |
Average inflation rate | 9.06% |
Converted amount Ft100 base | Ft7,657.04 |
Price difference Ft100 base | Ft7,557.04 |
CPI in 1973 | 2.075 |
CPI in 2023 | 158.895 |
Inflation in 1973 | 3.39% |
Inflation in 2023 | 16.36% |
Ft100 in 1973 | Ft7,657.04 in 2023 |