Result: Kč1,000 in 1991 → Kč4,930.56 in 2024
Value of Kč1,000 from 1991 to 2024
Updated: September 11, 2025Kč1,000 in 1991 is equivalent in purchasing power to about Kč4,930.56 today, an increase of Kč3,930.56 over 33 years. The koruna had an average inflation rate of 4.95% per year between 1991 and today, producing a cumulative price increase of 393.06%.
This means that today's prices are 4.93 times as high as average prices since 1991, according to the OECD and the World Bank consumer price index for Czechia. A koruna today only buys 20.282% of what it could buy back then.
The inflation rate in 1991 was Infinity%. The current inflation rate compared to the end of last year is now 7.53%. If this number holds, Kč1,000 today will be equivalent in buying power to Kč1,075.30 next year.
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| Cumulative price change | 393.06% |
| Average inflation rate | 4.95% |
| Converted amount Kč1,000 base | Kč4,930.56 |
| Price difference Kč1,000 base | Kč3,930.56 |
| CPI in 1991 | 32.452 |
| CPI in 2024 | 160.004 |
| Inflation in 1991 | 0.00% |
| Inflation in 2024 | 7.53% |
| Kč1,000 in 1991 | Kč4,930.56 in 2024 |
Buying power of Kč1,000 in 1991
This chart shows a calculation of buying power equivalence for Kč1,000 in 1991 (price index tracking began in 1991).
For example, if you started with Kč1,000, you would need to end with Kč4,930.56 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When Kč1,000 is equivalent to Kč4,930.56 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 1991 dollars, the chart below shows how Kč1,000 is worth less over 33 years.
According to the OECD and 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 1991 amounts in today's korunas, based on the 393.06% change in prices:
| Initial value | Equivalent value |
|---|---|
| Kč1 koruna in 1991 | Kč4.93 korunas today |
| Kč5 korunas in 1991 | Kč24.65 korunas today |
| Kč10 korunas in 1991 | Kč49.31 korunas today |
| Kč50 korunas in 1991 | Kč246.53 korunas today |
| Kč100 korunas in 1991 | Kč493.06 korunas today |
| Kč500 korunas in 1991 | Kč2,465.28 korunas today |
| Kč1,000 korunas in 1991 | Kč4,930.56 korunas today |
| Kč5,000 korunas in 1991 | Kč24,652.82 korunas today |
| Kč10,000 korunas in 1991 | Kč49,305.64 korunas today |
| Kč50,000 korunas in 1991 | Kč246,528.19 korunas today |
| Kč100,000 korunas in 1991 | Kč493,056.39 korunas today |
| Kč500,000 korunas in 1991 | Kč2,465,281.94 korunas today |
| Kč1,000,000 korunas in 1991 | Kč4,930,563.88 korunas today |
How to calculate inflation rate for Kč1,000 since 1991
Our calculations use the following inflation rate formula to calculate the change in value between 1991 and today:
CPI today CPI in 1991
×
1991 CZK value
=
Today's value
Then plug in historical CPI values. The Czech CPI was 32.45156 in the year 1991 and 160.00448950036204 in 2024:
160.0044895003620432.45156
×
Kč1,000
=
Kč4,930.56
Kč1,000 in 1991 has the same "purchasing power" or "buying power" as Kč4,930.56 in 2024.
To get the total inflation rate for the 33 years between 1991 and 2024, we use the following formula:
CPI in 2024 - CPI in 1991CPI in 1991
×
100
=
Cumulative inflation rate (33 years)
Plugging in the values to this equation, we get:
160.00448950036204 - 32.4515632.45156
×
100
=
393%
Data source & citation
You may use the following MLA citation for this page: “Kč1,000 in 1991 → 2024 | Czechia Inflation Calculator.” Official Inflation Data, Alioth Finance, 5 Dec. 2025, https://www.officialdata.org/czechia/inflation/1991?amount=1000.
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 | 393.06% |
| Average inflation rate | 4.95% |
| Converted amount Kč1,000 base | Kč4,930.56 |
| Price difference Kč1,000 base | Kč3,930.56 |
| CPI in 1991 | 32.452 |
| CPI in 2024 | 160.004 |
| Inflation in 1991 | 0.00% |
| Inflation in 2024 | 7.53% |
| Kč1,000 in 1991 | Kč4,930.56 in 2024 |