**Result:**
₡100
in 1961 →
₡52,605.49
in 2021

₡100 in 1961 is equivalent in purchasing power to about ₡52,605.49 today, an increase of ₡52,505.49 over 60 years. The colon had an average inflation rate of 11.01% per year between 1961 and today, producing a cumulative price increase of 52,505.49%.

This means that today's prices are 526.05 times higher than average prices since 1961, according to the World Bank consumer price index for Costa Rica. A colon today only buys 0.19% of what it could buy back then.

The 1961 inflation rate was 2.43%. The current year-over-year inflation rate (2020 to 2021) is now 2.10%^{1}.
If this number holds, ₡100 today will be equivalent in buying power to ₡102.10 next year.

⌃

Cumulative price change | 52,505.49% |

Average inflation rate | 11.01% |

Converted amount (₡100 base) | ₡52,605.49 |

Price difference (₡100 base) | ₡52,505.49 |

CPI in 1961 | 0.255 |

CPI in 2021 | 134.304 |

Inflation in 1961 | 2.43% |

Inflation in 2021 | 2.10% |

₡100 in 1961 | ₡52,605.49 in 2021 |

This chart shows a calculation of buying power equivalence for ₡100 in 1961 (price index tracking began in 1960).

For example, if you started with ₡100, you would need to end with ₡52,605.49 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₡100 is equivalent to ₡52,605.49 over time, that means that the "real value" of a single Costa Rican colon decreases over time. In other words, a colon will pay for fewer items at the store.

This effect explains how inflation erodes the value of a colon over time. By calculating the value in 1961 dollars, the chart below shows how ₡100 is worth less over 60 years.

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

This conversion table shows various other 1961 amounts in today's colones, based on the 52,505.49% change in prices:

Initial value | Equivalent value |
---|---|

₡1 colon in 1961 | ₡526.05 colones today |

₡5 colones in 1961 | ₡2,630.27 colones today |

₡10 colones in 1961 | ₡5,260.55 colones today |

₡50 colones in 1961 | ₡26,302.75 colones today |

₡100 colones in 1961 | ₡52,605.49 colones today |

₡500 colones in 1961 | ₡263,027.45 colones today |

₡1,000 colones in 1961 | ₡526,054.90 colones today |

₡5,000 colones in 1961 | ₡2,630,274.52 colones today |

₡10,000 colones in 1961 | ₡5,260,549.04 colones today |

₡50,000 colones in 1961 | ₡26,302,745.18 colones today |

₡100,000 colones in 1961 | ₡52,605,490.36 colones today |

₡500,000 colones in 1961 | ₡263,027,451.80 colones today |

₡1,000,000 colones in 1961 | ₡526,054,903.59 colones today |

Our calculations use the following inflation rate formula to calculate the change in value between 1961 and today:

CPI today
CPI in 1961

×

1961 CRC value

=

Today's value

Then plug in historical CPI values. The Costa Rican CPI was 0.2553045795 in the year 1961 and 134.30422595590528 in 2021:

134.304225955905280.2553045795

×

₡100

=

₡100 in 1961 has the same "purchasing power" or "buying power" as ₡52,605.49 in 2021.

To get the total inflation rate for the 60 years between 1961 and 2021, we use the following formula:

CPI in 2021 - CPI in 1961CPI in 1961

×

100

=

Plugging in the values to this equation, we get:

134.30422595590528 - 0.25530457950.2553045795

×

100

=

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

- A dog named Chernushka, frogs, and a guinea pig orbit the Earth in the Soviet flight Sputnik 9.
- Nelson Mandela is acquitted of treason after a four-and-a-half year trial.

You may use the following MLA citation for this page: “Costa Rica Inflation Calculator: World Bank data, 1961-2021 (CRC).” Official Inflation Data, Alioth Finance, 9 May. 2021, https://www.officialdata.org/costa-rica/inflation.

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

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Cumulative price change | 52,505.49% |

Average inflation rate | 11.01% |

Converted amount (₡100 base) | ₡52,605.49 |

Price difference (₡100 base) | ₡52,505.49 |

CPI in 1961 | 0.255 |

CPI in 2021 | 134.304 |

Inflation in 1961 | 2.43% |

Inflation in 2021 | 2.10% |

₡100 in 1961 | ₡52,605.49 in 2021 |