Value of 1955 Euro (Finland) today

€100 in 1955
€2,256.22 in 2024

The inflation rate in Finland between 1955 and today has been 2,156.22%, which translates into a total increase of €2,156.22. This means that 100 euro in 1955 are equivalent to 2,256.22 euro in 2024. In other words, the purchasing power of €100 in 1955 equals €2,256.22 today. The average annual inflation rate between these periods has been 4.62%.

Inflation timeline in Finland (1955 - 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 1955-2023 2,121.14%
Cumulative inflation 1955-today 2,156.22%
Avg. Annual inflation 1955-2023 4.67%
CPI 1955 5.42
CPI 2023 120.45
CPI 2024-05 (latest official data) 122.25
CPI today 122.35

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 1955 and 2023, use the corresponding CPI values:

Value2023
=Value1955 ×
CPI2023/CPI1955
=€ 100 ×
120.45/5.42
€2,221.14

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.35:

Valuetoday
=Value1955 ×
CPItoday/CPI1955
=€ 100 ×
122.35/5.42
€2,256.22

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 68 years between 1955 and 2023 and the average inflation rate was 4.6653%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.046653)68
€2,221.14

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1955 €22.21 euro in 2023
€5 euro in 1955 €111.06 euro in 2023
€10 euro in 1955 €222.11 euro in 2023
€50 euro in 1955 €1,110.57 euro in 2023
€100 euro in 1955 €2,221.14 euro in 2023
€500 euro in 1955 €11,105.68 euro in 2023
€1,000 euro in 1955 €22,211.37 euro in 2023
€5,000 euro in 1955 €111,056.84 euro in 2023
€10,000 euro in 1955 €222,113.69 euro in 2023
€50,000 euro in 1955 €1,110,568.44 euro in 2023
€100,000 euro in 1955 €2,221,136.88 euro in 2023
€500,000 euro in 1955 €11,105,684.42 euro in 2023
€1,000,000 euro in 1955 €22,211,368.84 euro in 2023
Cumulative inflation From 1955 2,156.22%
Avg. annual inflation From 1955 4.62%
CPI 1955 5.42
CPI today 122.35

Value of Euro over time (by year)

Period Value
1955 100
1956 111.65
1957 124.22
1958 131.45
1959 133.36
1960 137.92
1961 140.25
1962 146.4
1963 153.72
1964 169.51
1965 177.89
1966 184.78
1967 194.71
1968 212.61
1969 217.3
1970 223.25
1971 237.71
1972 253.55
1973 280.82
1974 328.38
1975 386.87
1976 442.35
1977 494.52
1978 533.09
1979 572.9
1980 639.32
1981 711.6
1982 779.81
1983 845.05
1984 904.78
1985 951.79
1986 979.71
1987 1,020
1988 1,071.88
1989 1,142.55
1990 1,212.81
1991 1,265.08
1992 1,302.02
1993 1,330.54
1994 1,345.02
1995 1,355.66
1996 1,364.19
1997 1,380.46
1998 1,399.78
1999 1,416.05
2000 1,459.13
2001 1,496.75
2002 1,520.27
2003 1,533.61
2004 1,536.48
2005 1,546.06
2006 1,570.29
2007 1,609.71
2008 1,675.16
2009 1,675.16
2010 1,695
2011 1,752.91
2012 1,802.14
2013 1,828.78
2014 1,847.82
2015 1,843.98
2016 1,850.56
2017 1,864.51
2018 1,884.72
2019 1,904.02
2020 1,909.55
2021 1,951.46
2022 2,090.47
2023 2,221.14
2024-05 2,254.38
Today 2,256.22

All available years

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

1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 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: