Hungary Inflation Calculator

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Result: Ft100 in 1973 → Ft5,438.43 in 2020


Why a forint today is worth only 2% of a forint in 1973

Updated: June 11, 2020

According to the World Bank consumer price index for Hungary, today's prices in 2020 are 5,338.43% higher than average prices since 1973. This means that a forint today only buys 1.84% of what it could buy in 1973. The Hugarian Forint experienced an average inflation rate of 8.87% per year during this period, causing the real value of a forint to decrease.

In other words, Ft100 in 1973 is equivalent in purchasing power to about Ft5,438.43 in 2020, a difference of Ft5,338.43 over 47 years. This inflation data is collected by the World Bank and is specific to Hungary.

The 1973 inflation rate was 3.39%. The current year-over-year inflation rate (2019 to 2020) is now 3.34%1. If this number holds, Ft100 today will be equivalent in buying power to Ft103.34 next year.


Inflation from 1973 to 2020
Cumulative price change 5,338.43%
Average inflation rate 8.87%
Converted amount (Ft100 base) Ft5,438.43
Price difference (Ft100 base) Ft5,338.43
CPI in 1973 2.311
CPI in 2020 125.703
Inflation in 1973 3.39%
Inflation in 2020 3.34%

HUF Inflation since 1972
Annual Rate, the World Bank CPI
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Buying power of Ft100 in 1973

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 Ft5,438.43 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When Ft100 is equivalent to Ft5,438.43 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 47 years.

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

Forint inflation: 1973-2020
Year Forint Value Inflation Rate
1973 Ft100.00 3.39%
1974 Ft101.80 1.80%
1975 Ft105.71 3.84%
1976 Ft111.24 5.23%
1977 Ft115.58 3.91%
1978 Ft121.00 4.69%
1979 Ft131.86 8.98%
1980 Ft144.11 9.29%
1981 Ft150.82 4.66%
1982 Ft161.13 6.84%
1983 Ft172.86 7.28%
1984 Ft187.50 8.47%
1985 Ft200.52 6.94%
1986 Ft211.13 5.29%
1987 Ft229.44 8.67%
1988 Ft265.52 15.72%
1989 Ft311.06 17.15%
1990 Ft399.30 28.37%
1991 Ft538.33 34.82%
1992 Ft665.67 23.66%
1993 Ft815.21 22.46%
1994 Ft969.03 18.87%
1995 Ft1,243.31 28.31%
1996 Ft1,535.11 23.47%
1997 Ft1,816.11 18.31%
1998 Ft2,073.16 14.15%
1999 Ft2,280.43 10.00%
2000 Ft2,503.99 9.80%
2001 Ft2,732.28 9.12%
2002 Ft2,876.15 5.27%
2003 Ft3,010.20 4.66%
2004 Ft3,213.22 6.74%
2005 Ft3,327.66 3.56%
2006 Ft3,458.45 3.93%
2007 Ft3,733.70 7.96%
2008 Ft3,959.31 6.04%
2009 Ft4,126.06 4.21%
2010 Ft4,326.40 4.86%
2011 Ft4,496.43 3.93%
2012 Ft4,750.57 5.65%
2013 Ft4,832.91 1.73%
2014 Ft4,821.91 -0.23%
2015 Ft4,818.94 -0.06%
2016 Ft4,837.96 0.39%
2017 Ft4,951.57 2.35%
2018 Ft5,092.70 2.85%
2019 Ft5,262.73 3.34%
2020 Ft5,438.43 3.34%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 41 more rows

This conversion table shows various other 1973 amounts in today's forints, based on the 5,338.43% change in prices:

Conversion Table: Value of a forint today
Initial value Equivalent value
Ft1 forint in 1973 Ft54.38 forints today
Ft5 forints in 1973 Ft271.92 forints today
Ft10 forints in 1973 Ft543.84 forints today
Ft50 forints in 1973 Ft2,719.21 forints today
Ft100 forints in 1973 Ft5,438.43 forints today
Ft500 forints in 1973 Ft27,192.14 forints today
Ft1,000 forints in 1973 Ft54,384.28 forints today
Ft5,000 forints in 1973 Ft271,921.40 forints today
Ft10,000 forints in 1973 Ft543,842.80 forints today
Ft50,000 forints in 1973 Ft2,719,213.98 forints today
Ft100,000 forints in 1973 Ft5,438,427.96 forints today
Ft500,000 forints in 1973 Ft27,192,139.80 forints today
Ft1,000,000 forints in 1973 Ft54,384,279.59 forints today

How to Calculate Inflation Rate for Ft100 since 1973

Our calculations use the following inflation rate formula to calculate the change in value between 1973 and today:

CPI today CPI in 1973
×
1973 HUF value
=
Today's value

Then plug in historical CPI values. The Hungarian CPI was 2.3113880176 in the year 1973 and 125.7031722016697 in 2020:

125.70317220166972.3113880176
×
Ft100
=
Ft5,438.43

Ft100 in 1973 has the same "purchasing power" or "buying power" as Ft5,438.43 in 2020.

To get the total inflation rate for the 47 years between 1973 and 2020, we use the following formula:

CPI in 2020 - CPI in 1973CPI in 1973
×
100
=
Cumulative inflation rate (47 years)

Plugging in the values to this equation, we get:

125.7031722016697 - 2.31138801762.3113880176
×
100
=
5,338%

News headlines from 1973

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

  • President Richard Nixon announces the end of the Vietnam War.
  • The longest war in American history finishes after William Rogers and Nguyen Duy Trinh of US and North Vietnam's army sign a cease-fire.
  • The IRA attacks London for the first time following the arrests of 10 of its members.
  • The Senate Watergate Committee begins its hearings.

Data Source & Citation

You may use the following MLA citation for this page: “Hungary Inflation Calculator: World Bank data, 1973-2020 (HUF).” Official Inflation Data, Alioth Finance, 13 Jul. 2020, https://www.officialdata.org/hungary/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 1973 to 2020
Cumulative price change 5,338.43%
Average inflation rate 8.87%
Converted amount (Ft100 base) Ft5,438.43
Price difference (Ft100 base) Ft5,338.43
CPI in 1973 2.311
CPI in 2020 125.703
Inflation in 1973 3.39%
Inflation in 2020 3.34%