Value of 1997 Euro (Finland) today

€100 in 1997
€153.37 in 2022

The inflation rate in Finland between 1997 and today has been 53.37%, which translates into a total increase of €53.37. This means that 100 euro in 1997 are equivalent to 153.37 euro in 2022. In other words, the purchasing power of €100 in 1997 equals €153.37 today. The average annual inflation rate between these periods has been 1.73%.

Inflation timeline in Finland (1997 - 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 1997-2021 41.36%
Cumulative inflation 1997-today 53.37%
Avg. Annual inflation 1997-2021 1.45%
CPI 1997 74.86
CPI 2021 105.82
CPI 2022-08 (latest official data) 114.03
CPI today 114.82

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 1997 and 2021, use the corresponding CPI values:

Value2021
=Value1997 ×
CPI2021/CPI1997
=€ 100 ×
105.82/74.86
€141.36

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.82:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=€ 100 ×
114.82/74.86
€153.37

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 24 years between 1997 and 2021 and the average inflation rate was 1.4528%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.014528)24
€141.36

Finland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1997 €1.41 euro in 2021
€5 euro in 1997 €7.07 euro in 2021
€10 euro in 1997 €14.14 euro in 2021
€50 euro in 1997 €70.68 euro in 2021
€100 euro in 1997 €141.36 euro in 2021
€500 euro in 1997 €706.81 euro in 2021
€1,000 euro in 1997 €1,413.62 euro in 2021
€5,000 euro in 1997 €7,068.12 euro in 2021
€10,000 euro in 1997 €14,136.24 euro in 2021
€50,000 euro in 1997 €70,681.21 euro in 2021
€100,000 euro in 1997 €141,362.42 euro in 2021
€500,000 euro in 1997 €706,812.1 euro in 2021
€1,000,000 euro in 1997 €1,413,624.2 euro in 2021
Cumulative inflation From 1997 53.37%
Avg. annual inflation From 1997 1.73%
CPI 1997 74.86
CPI today 114.82

Value of Euro over time (by year)

Period Value
1997 100
1998 101.4
1999 102.58
2000 105.7
2001 108.42
2002 110.13
2003 111.09
2004 111.3
2005 112
2006 113.75
2007 116.61
2008 121.35
2009 121.35
2010 122.78
2011 126.98
2012 130.55
2013 132.48
2014 133.86
2015 133.58
2016 134.05
2017 135.06
2018 136.53
2019 137.93
2020 138.33
2021 141.36
2022-08 152.33
Today 153.37

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: