The inflation rate in Poland between 2008 and today has been 77.11%, which translates into a total increase of zł9,252.79. This means that 12,000 zloty in 2008 are equivalent to 21,252.79 zloty in 2022. In other words, the purchasing power of zł12,000 in 2008 equals zł21,252.79 today. The average annual inflation rate between these periods has been 3.88%.
The following chart depicts the equivalence of zł12,000 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.
All calculations are performed in the local currency (PLN) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.
The following table contains relevant indicators:
| Indicator | Value |
|---|---|
| Cumulative inflation 2008-2022 | 50.99% |
| Cumulative inflation 2008-today | 77.11% |
| Avg. Annual inflation 2008-2022 | 2.99% |
| CPI 2008 | 86.86 |
| CPI 2022 | 131.15 |
| CPI 2024-07 (latest official data) | 153.11 |
| CPI today | 153.84 |
There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.
When we have both the start and end years, we can use the following formula:
To obtain the values equivalent in buying power between 2008 and 2022, use the corresponding CPI values:
To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 153.84:
Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:
In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are zł12,000 worth today. There are 14 years between 2008 and 2022 and the average inflation rate was 2.9868%. Therefore, we can resolve the formula like this:
| Initial Value | Equivalent value | |
|---|---|---|
| zł1 zloty in 2008 | → | zł1.51 zloty in 2022 |
| zł5 zloty in 2008 | → | zł7.55 zloty in 2022 |
| zł10 zloty in 2008 | → | zł15.1 zloty in 2022 |
| zł50 zloty in 2008 | → | zł75.49 zloty in 2022 |
| zł100 zloty in 2008 | → | zł150.99 zloty in 2022 |
| zł500 zloty in 2008 | → | zł754.94 zloty in 2022 |
| zł1,000 zloty in 2008 | → | zł1,509.88 zloty in 2022 |
| zł5,000 zloty in 2008 | → | zł7,549.39 zloty in 2022 |
| zł10,000 zloty in 2008 | → | zł15,098.79 zloty in 2022 |
| zł50,000 zloty in 2008 | → | zł75,493.95 zloty in 2022 |
| zł100,000 zloty in 2008 | → | zł150,987.9 zloty in 2022 |
| zł500,000 zloty in 2008 | → | zł754,939.49 zloty in 2022 |
| zł1,000,000 zloty in 2008 | → | zł1,509,878.98 zloty in 2022 |
| Cumulative inflation From 2008 | 77.11% |
| Avg. annual inflation From 2008 | 3.88% |
| CPI 2008 | 86.86 |
| CPI today | 153.84 |
| Period | Value |
|---|---|
| 2008 | 12,000 |
| 2009 | 12,455.45 |
| 2010 | 12,776.88 |
| 2011 | 13,318.55 |
| 2012 | 13,792.74 |
| 2013 | 13,929.56 |
| 2014 | 13,937.05 |
| 2015 | 13,815.23 |
| 2016 | 13,723.39 |
| 2017 | 14,008.28 |
| 2018 | 14,262.25 |
| 2019 | 14,579.93 |
| 2020 | 15,071.93 |
| 2021 | 15,833.81 |
| 2022 | 18,118.55 |
| 2024-07 | 21,152.99 |
| Today | 21,252.79 |
All available years
Today's value of polish zloty by year:
1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Other currencies: