# Hungary Inflation Calculator

Ft

Result: Ft100 in 1973 → Ft8,188.69 in 2024

## The Hugarian Forint has lost 99% its value since 1973

Updated: August 14, 2024

Ft100 in 1973 is equivalent in purchasing power to about Ft8,188.69 today, an increase of Ft8,088.69 over 51 years. The forint had an average inflation rate of 9.02% per year between 1973 and today, producing a cumulative price increase of 8,088.69%.

This means that today's prices are 81.89 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 1.221% of what it could buy back then.

The inflation rate in 1973 was 3.39%. The current inflation rate compared to the end of last year is now 6.58%. If this number holds, Ft100 today will be equivalent in buying power to Ft106.58 next year.

 Cumulative price change 8,088.69% Average inflation rate 9.02% Converted amountFt100 base Ft8,188.69 Price differenceFt100 base Ft8,088.69 CPI in 1973 2.075 CPI in 2024 169.927 Inflation in 1973 3.39% Inflation in 2024 6.58% Ft100 in 1973 Ft8,188.69 in 2024

HUF inflation since 1973
Annual Rate, the OECD and the World Bank CPI

## 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 Ft8,188.69 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When Ft100 is equivalent to Ft8,188.69 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 51 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:

Forint inflation: 1973-2024
YearForint ValueInflation Rate
1973Ft100.003.39%
1974Ft101.801.80%
1975Ft105.713.84%
1976Ft111.245.23%
1977Ft115.583.91%
1978Ft121.004.69%
1979Ft131.868.98%
1980Ft144.119.29%
1981Ft150.824.66%
1982Ft161.136.84%
1983Ft172.867.28%
1984Ft187.508.47%
1985Ft200.526.94%
1986Ft211.135.29%
1987Ft229.448.67%
1988Ft265.5215.72%
1989Ft311.0617.15%
1990Ft399.3028.37%
1991Ft538.3334.82%
1992Ft665.6723.66%
1993Ft815.2122.46%
1994Ft969.0318.87%
1995Ft1,243.3128.31%
1996Ft1,535.1123.47%
1997Ft1,816.1118.31%
1998Ft2,073.1614.15%
1999Ft2,280.4310.00%
2000Ft2,503.999.80%
2001Ft2,732.289.12%
2002Ft2,876.145.27%
2003Ft3,010.204.66%
2004Ft3,213.226.74%
2005Ft3,327.663.56%
2006Ft3,458.453.93%
2007Ft3,733.707.96%
2008Ft3,959.316.04%
2009Ft4,126.064.21%
2010Ft4,326.404.86%
2011Ft4,496.433.93%
2012Ft4,750.575.65%
2013Ft4,832.911.73%
2014Ft4,821.91-0.23%
2015Ft4,818.94-0.06%
2016Ft4,837.960.39%
2017Ft4,951.572.35%
2018Ft5,092.702.85%
2019Ft5,262.733.34%
2020Ft5,437.803.33%
2021Ft5,715.735.11%
2022Ft6,550.6914.61%
2023Ft7,728.3717.98%
2024Ft8,188.695.96%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 45 more rows

This conversion table shows various other 1973 amounts in today's forints, based on the 8,088.69% change in prices:

Conversion: 1973 forints today
Initial valueEquivalent value
Ft1 forint in 1973Ft81.89 forints today
Ft5 forints in 1973Ft409.43 forints today
Ft10 forints in 1973Ft818.87 forints today
Ft50 forints in 1973Ft4,094.35 forints today
Ft100 forints in 1973Ft8,188.69 forints today
Ft500 forints in 1973Ft40,943.47 forints today
Ft1,000 forints in 1973Ft81,886.94 forints today
Ft5,000 forints in 1973Ft409,434.68 forints today
Ft10,000 forints in 1973Ft818,869.36 forints today
Ft50,000 forints in 1973Ft4,094,346.82 forints today
Ft100,000 forints in 1973Ft8,188,693.64 forints today
Ft500,000 forints in 1973Ft40,943,468.18 forints today
Ft1,000,000 forints in 1973Ft81,886,936.37 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 2.07514546121272 in the year 1973 and 169.9273043404994 in 2024:

169.92730434049942.07514546121272
×
Ft100
=
Ft8,188.69

Ft100 in 1973 has the same "purchasing power" or "buying power" as Ft8,188.69 in 2024.

To get the total inflation rate for the 51 years between 1973 and 2024, we use the following formula:

CPI in 2024 - CPI in 1973CPI in 1973
×
100
=
Cumulative inflation rate (51 years)

Plugging in the values to this equation, we get:

169.9273043404994 - 2.075145461212722.07514546121272
×
100
=
8,089%

## Data source & citation

You may use the following MLA citation for this page: “Hungary Inflation Calculator: World Bank data, 1973-2024 (HUF).” Official Inflation Data, Alioth Finance, 15 Aug. 2024, https://www.officialdata.org/hungary/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.

#### 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.

 Cumulative price change 8,088.69% Average inflation rate 9.02% Converted amountFt100 base Ft8,188.69 Price differenceFt100 base Ft8,088.69 CPI in 1973 2.075 CPI in 2024 169.927 Inflation in 1973 3.39% Inflation in 2024 6.58% Ft100 in 1973 Ft8,188.69 in 2024