Value of 1988 Euro (Finland) today

€100 in 1988
€192.3 in 2022

The inflation rate in Finland between 1988 and today has been 92.3%, which translates into a total increase of €92.3. This means that 100 euro in 1988 are equivalent to 192.3 euro in 2022. In other words, the purchasing power of €100 in 1988 equals €192.3 today. The average annual inflation rate between these periods has been 1.94%.

Inflation timeline in Finland (1988 - 2022)

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 1988-2021 82.06%
Cumulative inflation 1988-today 92.3%
Avg. Annual inflation 1988-2021 1.83%
CPI 1988 58.13
CPI 2021 105.82
CPI 2022-03 (latest official data) 110.95
CPI today 111.78

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 1988 and 2021, use the corresponding CPI values:

Value2021
=Value1988 ×
CPI2021/CPI1988
=€ 100 ×
105.82/58.13
€182.06

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 111.78:

Valuetoday
=Value1988 ×
CPItoday/CPI1988
=€ 100 ×
111.78/58.13
€192.3

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 33 years between 1988 and 2021 and the average inflation rate was 1.8322%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.018322)33
€182.06

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1988 €1.82 euro in 2021
€5 euro in 1988 €9.1 euro in 2021
€10 euro in 1988 €18.21 euro in 2021
€50 euro in 1988 €91.03 euro in 2021
€100 euro in 1988 €182.06 euro in 2021
€500 euro in 1988 €910.3 euro in 2021
€1,000 euro in 1988 €1,820.59 euro in 2021
€5,000 euro in 1988 €9,102.96 euro in 2021
€10,000 euro in 1988 €18,205.93 euro in 2021
€50,000 euro in 1988 €91,029.64 euro in 2021
€100,000 euro in 1988 €182,059.27 euro in 2021
€500,000 euro in 1988 €910,296.37 euro in 2021
€1,000,000 euro in 1988 €1,820,592.74 euro in 2021
Cumulative inflation From 1988 92.3%
Avg. annual inflation From 1988 1.94%
CPI 1988 58.13
CPI today 111.78

Value of Euro over time (by year)

Period Value
1988 100
1989 106.59
1990 113.15
1991 118.02
1992 121.47
1993 124.13
1994 125.48
1995 126.48
1996 127.27
1997 128.79
1998 130.59
1999 132.11
2000 136.13
2001 139.64
2002 141.83
2003 143.08
2004 143.34
2005 144.24
2006 146.5
2007 150.18
2008 156.28
2009 156.28
2010 158.13
2011 163.54
2012 168.13
2013 170.61
2014 172.39
2015 172.03
2016 172.65
2017 173.95
2018 175.83
2019 177.63
2020 178.15
2021 182.06
2022-03 190.88
Today 192.3

All available years

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

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 |

Other currencies: