**Result:**
Ft100
in 1973 →
Ft5,438.43
in 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. The Hugarian Forint experienced an average inflation rate of 8.87% per year during this period, meaning the real value of a forint decreased.

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 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.

⌃

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% |

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 buys less over the past 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:

This inflation calculator uses the following inflation rate formula:

CPI in 2020CPI in 1973

×

1973 HUF value

=

2020 HUF 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

=

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

=

Plugging in the values to this equation, we get:

125.7031722016697 - 2.31138801762.3113880176

×

100

=

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.

You may use the following MLA citation for this page: “Hungary Inflation Calculator: World Bank data, 1973-2020 (HUF).” Official Inflation Data, Alioth Finance, 7 Apr. 2020, https://www.officialdata.org/hungary/inflation.

Special thanks to QuickChart for providing downloadable chart images.

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

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% |