Value of 1972 Euro (Finland) today

€100 in 1972

€771.19 in 2018

The inflation rate in Finland between 1972 and today has been 671.19%, which translates into a total increase of €671.19. This means that 100 euro in 1972 are equivalent to 771.19 euro in 2018. In other words, the purchasing power of €100 in 1972 equals €771.19 today. The average annual inflation rate has been 4.44%.

Inflation timeline in Finland (1972-2018)

The following chart ilustrates the equivalence of €100 throughout the years due to 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. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1972-2018) 662.99%
Total Inflation* 671.19%
Annual inflation avg. (1972-2018) 4.52%
Annual inflation avg.* 4.44%
CPI 1972 13.3
CPI 2018 101.51
CPI today* 102.6
€1 in 1972 €7.63 in 2018

* Values extrapolated from the last official data to obtain today's values.

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 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, it indicates how much are €100 worth today. There are 46 years between 1972 and 2018 and the average inflation rate has been 4.4421%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)46 = €762.99

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 1972 was 13.3 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/13.3
= €762.99

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1972 €7.71 euro today
€5 euro in 1972 €38.56 euro today
€10 euro in 1972 €77.12 euro today
€50 euro in 1972 €385.59 euro today
€100 euro in 1972 €771.19 euro today
€500 euro in 1972 €3,855.94 euro today
€1,000 euro in 1972 €7,711.88 euro today
€5,000 euro in 1972 €38,559.4 euro today
€10,000 euro in 1972 €77,118.81 euro today
€50,000 euro in 1972 €385,594.04 euro today
€100,000 euro in 1972 €771,188.09 euro today
€500,000 euro in 1972 €3,855,940.43 euro today
€1,000,000 euro in 1972 €7,711,880.85 euro today

Value of Euro in time (by year)

Period Value
1972 100
1973 106.6
1974 121.59
1975 142.16
1976 167.91
1977 188.58
1978 209.01
1979 222.51
1980 241.66
1981 274.92
1982 300.25
1983 326.94
1984 354.79
1985 376.55
1986 391.86
1987 403.5
1988 420.57
1989 447.73
1990 477.1
1991 501.14
1992 521.85
1993 533.96
1994 542.12
1995 550.97
1996 550.77
1997 556.13
1998 566.63
1999 571.27
2000 582.88
2001 600.48
2002 611.18
2003 621.29
2004 625.04
2005 627.72
2006 631.44
2007 645.3
2008 662.31
2009 685
2010 681.22
2011 700.65
2012 720.96
2013 737.96
2014 749.84
2015 753.37
2016 751.57
2017 759.31
2018 762.99
Today 771.19