Inflation calculator - Euro (Finland)

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

€100 in 1956

€1,842.57 in 2018

The inflation rate in Finland between 1956 and 2018 was 1,742.57%, which translates into a total increase of €1,742.57. This means that 100 euro in 1956 are equivalent to 1,842.57 euro in 2018. In other words, the purchasing power of €100 in 1956 equals €1,842.57 in 2018. The average annual inflation rate between these periods was 4.81%.

Inflation timeline in Finland (1956 - 2018)

The following chart ilustrates the equivalence of euro (Finland) throughout the years due to compound inflation and CPI changes. All values are equivalent in terms of purchashing 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.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1956-2018) 1,742.57%
Annual inflation avg. (1956-2018) 4.81%
CPI 1956 5.51
CPI 2018 101.51
€1 in 1956 €18.43 in 2018

How to calculate the time value of money with inflation data?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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, the future value is the amount in 2018 that equals €100 in 1956 in terms of purchasing power. There are 62 years between 1956 and 2018 and the average inflation rate was 4.8118%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.048118)62 = €1,842.570661 ≈ €1,842.57

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1956 was 5.51 and in 2018 was 101.51. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/5.51
= €1,842.57

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1956 €18.43 euro in 2018
€5 euro in 1956 €92.13 euro in 2018
€10 euro in 1956 €184.26 euro in 2018
€50 euro in 1956 €921.29 euro in 2018
€100 euro in 1956 €1,842.57 euro in 2018
€500 euro in 1956 €9,212.85 euro in 2018
€1,000 euro in 1956 €18,425.71 euro in 2018
€5,000 euro in 1956 €92,128.53 euro in 2018
€10,000 euro in 1956 €184,257.07 euro in 2018
€50,000 euro in 1956 €921,285.33 euro in 2018
€100,000 euro in 1956 €1,842,570.66 euro in 2018
€500,000 euro in 1956 €9,212,853.31 euro in 2018
€1,000,000 euro in 1956 €18,425,706.61 euro in 2018

Value of Euro in time (by year)

Period Value
1956 100
1957 116.83
1958 126.73
1959 130.23
1960 133.98
1961 137.74
1962 138.99
1963 147.76
1964 155.27
1965 170.3
1966 177.81
1967 186.58
1968 201.24
1969 211.79
1970 215.43
1971 222.13
1972 241.49
1973 257.42
1974 293.62
1975 343.31
1976 405.48
1977 455.41
1978 504.74
1979 537.35
1980 583.59
1981 663.9
1982 725.08
1983 789.54
1984 856.79
1985 909.33
1986 946.31
1987 974.42
1988 1,015.65
1989 1,081.23
1990 1,152.16
1991 1,210.21
1992 1,260.23
1993 1,289.48
1994 1,309.18
1995 1,330.55
1996 1,330.08
1997 1,343.02
1998 1,368.37
1999 1,379.58
2000 1,407.61
2001 1,450.1
2002 1,475.96
2003 1,500.37
2004 1,509.42
2005 1,515.89
2006 1,524.87
2007 1,558.35
2008 1,599.44
2009 1,654.23
2010 1,645.09
2011 1,692.02
2012 1,741.07
2013 1,782.12
2014 1,810.82
2015 1,819.33
2016 1,814.98
2017 1,833.68
2018 1,842.57