Buying power of Ft1,000,000 in 1990

This chart shows a calculation of buying power equivalence for Ft1,000,000 in 1990 (price index tracking began in 1972).

For example, if you started with Ft1,000,000, you would need to end with Ft20,507,552.70 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When Ft1,000,000 is equivalent to Ft20,507,552.70 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 1990 dollars, the chart below shows how Ft1,000,000 is worth less over 34 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 1990 amounts in today's forints, based on the 1,950.76% change in prices:

How to calculate inflation rate for Ft1,000,000 since 1990

Our calculations use the following inflation rate formula to calculate the change in value between 1990 and today:

Then plug in historical CPI values. The Hungarian CPI was 8.286084 in the year 1990 and 169.9273043404994 in 2024:

Ft1,000,000 in 1990 has the same "purchasing power" or "buying power" as Ft20,507,552.70 in 2024.

To get the total inflation rate for the 34 years between 1990 and 2024, we use the following formula:

Plugging in the values to this equation, we get:

Data source & citation

» Read more about inflation and investment.