Hungary Inflation Calculator

Buying power of Ft100 in 2004

This chart shows a calculation of buying power equivalence for Ft100 in 2004 (price index tracking began in 1972).

For example, if you started with Ft100, you would need to end with Ft254.84 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When Ft100 is equivalent to Ft254.84 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 2004 dollars, the chart below shows how Ft100 is worth less over 20 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:

This conversion table shows various other 2004 amounts in today's forints, based on the 154.84% change in prices:

How to calculate inflation rate for Ft100 since 2004

Our calculations use the following inflation rate formula to calculate the change in value between 2004 and today:

Then plug in historical CPI values. The Hungarian CPI was 66.679 in the year 2004 and 169.9273043404994 in 2024:

Ft100 in 2004 has the same "purchasing power" or "buying power" as Ft254.84 in 2024.

To get the total inflation rate for the 20 years between 2004 and 2024, we use the following formula:

Plugging in the values to this equation, we get:

Data source & citation

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