Buying power of zł100 in 1971

This chart shows a calculation of buying power equivalence for zł100 in 1971 (price index tracking began in 1970).

For example, if you started with zł100, you would need to end with zł543,957.40 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When zł100 is equivalent to zł543,957.40 over time, that means that the "real value" of a single Polish zloty decreases over time. In other words, a zloty will pay for fewer items at the store.

This effect explains how inflation erodes the value of a zloty over time. By calculating the value in 1971 dollars, the chart below shows how zł100 buys less over the past 49 years.

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

How to Calculate Inflation Rate for zł100 since 1971

This inflation calculator uses the following inflation rate formula:

Then plug in historical CPI values. The Polish CPI was 0.0212717878 in the year 1971 and 115.70946434139921 in 2020:

zł100 in 1971 has the same "purchasing power" or "buying power" as zł543,957.40 in 2020.

To get the total inflation rate for the 49 years between 1971 and 2020, we use the following formula:

Plugging in the values to this equation, we get:

News headlines from 1971

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

• Idi Amin declares himself president of Uganda.
• The Nasdaq Composite stock market index debuts with fifty companies and a starting value of 100.
• Indian troops, aided by Bengali guerrillas under Mukti Bahini, are victorious over the Pakistan army, in the battle of Garibpur.

Data Source & Citation

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