Value of 2011 Euro (Estonia) today

€100 in 2011
€161.39 in 2024

The inflation rate in Estonia between 2011 and today has been 61.39%, which translates into a total increase of €61.39. This means that 100 euro in 2011 are equivalent to 161.39 euro in 2024. In other words, the purchasing power of €100 in 2011 equals €161.39 today. The average annual inflation rate between these periods has been 3.75%.

Inflation timeline in Estonia (2011 - 2024)

The following chart depicts the equivalence of €100 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 (EUR) 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 2011-2023 57.99%
Cumulative inflation 2011-today 61.39%
Avg. Annual inflation 2011-2023 3.88%
CPI 2011 94.18
CPI 2023 148.79
CPI 2024-02 (latest official data) 151.66
CPI today 151.99

How to calculate today's value of money after inflation?

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.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 2011 and 2023, use the corresponding CPI values:

Value2023
=Value2011 ×
CPI2023/CPI2011
=€ 100 ×
148.79/94.18
€157.99

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 151.99:

Valuetoday
=Value2011 ×
CPItoday/CPI2011
=€ 100 ×
151.99/94.18
€161.39

Alternative: Using the compound interest formula

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:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

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 €100 worth today. There are 12 years between 2011 and 2023 and the average inflation rate was 3.8849%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.038849)12
€157.99

Estonia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2011 €1.58 euro in 2023
€5 euro in 2011 €7.9 euro in 2023
€10 euro in 2011 €15.8 euro in 2023
€50 euro in 2011 €78.99 euro in 2023
€100 euro in 2011 €157.99 euro in 2023
€500 euro in 2011 €789.95 euro in 2023
€1,000 euro in 2011 €1,579.89 euro in 2023
€5,000 euro in 2011 €7,899.46 euro in 2023
€10,000 euro in 2011 €15,798.92 euro in 2023
€50,000 euro in 2011 €78,994.62 euro in 2023
€100,000 euro in 2011 €157,989.25 euro in 2023
€500,000 euro in 2011 €789,946.23 euro in 2023
€1,000,000 euro in 2011 €1,579,892.47 euro in 2023
Cumulative inflation From 2011 61.39%
Avg. annual inflation From 2011 3.75%
CPI 2011 94.18
CPI today 151.99

Value of Euro over time (by year)

Period Value
2011 100
2012 103.93
2013 106.82
2014 106.71
2015 106.18
2016 106.34
2017 109.98
2018 113.76
2019 116.35
2020 115.83
2021 121.22
2022 144.73
2023 157.99
2024-02 161.04
Today 161.39

All available years

Today's value of euro (Estonia) by year:

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: