Value of 1976 Euro (Finland) today

€100 in 1976

€459.3 in 2018

The inflation rate in Finland between 1976 and today has been 359.3%, which translates into a total increase of €359.3. This means that 100 euro in 1976 are equivalent to 459.3 euro in 2018. In other words, the purchasing power of €100 in 1976 equals €459.3 today. The average annual inflation rate has been 3.61%.

Inflation timeline in Finland (1976-2018)

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 (1976-2018) 354.42%
Total Inflation* 359.3%
Annual inflation avg. (1976-2018) 3.67%
Annual inflation avg.* 3.61%
CPI 1976 22.34
CPI 2018 101.51
CPI today* 102.6
€1 in 1976 €4.54 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 42 years between 1976 and 2018 and the average inflation rate has been 3.609%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)42 = €454.42

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 1976 was 22.34 and the CPI today is 102.6. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.51/22.34
= €454.42

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1976 €4.59 euro today
€5 euro in 1976 €22.96 euro today
€10 euro in 1976 €45.93 euro today
€50 euro in 1976 €229.65 euro today
€100 euro in 1976 €459.3 euro today
€500 euro in 1976 €2,296.5 euro today
€1,000 euro in 1976 €4,592.99 euro today
€5,000 euro in 1976 €22,964.96 euro today
€10,000 euro in 1976 €45,929.92 euro today
€50,000 euro in 1976 €229,649.61 euro today
€100,000 euro in 1976 €459,299.23 euro today
€500,000 euro in 1976 €2,296,496.13 euro today
€1,000,000 euro in 1976 €4,592,992.27 euro today

Value of Euro in time (by year)

Period Value
1976 100
1977 112.32
1978 124.48
1979 132.52
1980 143.93
1981 163.73
1982 178.82
1983 194.72
1984 211.3
1985 224.26
1986 233.38
1987 240.31
1988 250.48
1989 266.66
1990 284.15
1991 298.46
1992 310.8
1993 318.02
1994 322.87
1995 328.14
1996 328.03
1997 331.22
1998 337.47
1999 340.24
2000 347.15
2001 357.63
2002 364
2003 370.03
2004 372.26
2005 373.85
2006 376.07
2007 384.32
2008 394.46
2009 407.97
2010 405.72
2011 417.29
2012 429.39
2013 439.51
2014 446.59
2015 448.69
2016 447.61
2017 452.22
2018 454.42
Today 459.3