Value of 1991 Euro (Finland) today

€100 in 1991
€172.3 in 2023

The inflation rate in Finland between 1991 and today has been 72.3%, which translates into a total increase of €72.3. This means that 100 euro in 1991 are equivalent to 172.3 euro in 2023. In other words, the purchasing power of €100 in 1991 equals €172.3 today. The average annual inflation rate between these periods has been 1.71%.

Inflation timeline in Finland (1991 - 2023)

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 1991-2022 65.24%
Cumulative inflation 1991-today 72.3%
Avg. Annual inflation 1991-2022 1.63%
CPI 1991 68.6
CPI 2022 113.36
CPI 2022-12 (latest official data) 117.32
CPI today 118.2

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 1991 and 2022, use the corresponding CPI values:

Value2022
=Value1991 ×
CPI2022/CPI1991
=€ 100 ×
113.36/68.6
€165.24

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.2:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=€ 100 ×
118.2/68.6
€172.3

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 31 years between 1991 and 2022 and the average inflation rate was 1.6334%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.016334)31
€165.24

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1991 €1.65 euro in 2022
€5 euro in 1991 €8.26 euro in 2022
€10 euro in 1991 €16.52 euro in 2022
€50 euro in 1991 €82.62 euro in 2022
€100 euro in 1991 €165.24 euro in 2022
€500 euro in 1991 €826.22 euro in 2022
€1,000 euro in 1991 €1,652.44 euro in 2022
€5,000 euro in 1991 €8,262.18 euro in 2022
€10,000 euro in 1991 €16,524.35 euro in 2022
€50,000 euro in 1991 €82,621.77 euro in 2022
€100,000 euro in 1991 €165,243.55 euro in 2022
€500,000 euro in 1991 €826,217.73 euro in 2022
€1,000,000 euro in 1991 €1,652,435.47 euro in 2022
Cumulative inflation From 1991 72.3%
Avg. annual inflation From 1991 1.71%
CPI 1991 68.6
CPI today 118.2

Value of Euro over time (by year)

Period Value
1991 100
1992 102.92
1993 105.17
1994 106.32
1995 107.16
1996 107.83
1997 109.12
1998 110.65
1999 111.93
2000 115.34
2001 118.31
2002 120.17
2003 121.23
2004 121.45
2005 122.21
2006 124.12
2007 127.24
2008 132.41
2009 132.41
2010 133.98
2011 138.56
2012 142.45
2013 144.56
2014 146.06
2015 145.76
2016 146.28
2017 147.38
2018 148.98
2019 150.51
2020 150.94
2021 154.26
2022 165.24
2022-12 171.01
Today 172.3

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 | 2022 |

Other currencies: