Value of 2011 Euro (Latvia) today

€100 in 2011
€146.5 in 2024

The inflation rate in Latvia between 2011 and today has been 46.5%, which translates into a total increase of €46.5. This means that 100 euro in 2011 are equivalent to 146.5 euro in 2024. In other words, the purchasing power of €100 in 2011 equals €146.5 today. The average annual inflation rate between these periods has been 2.98%.

Inflation timeline in Latvia (2011 - 2024)

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 2011-2023 48.1%
Cumulative inflation 2011-today 46.5%
Avg. Annual inflation 2011-2023 3.33%
CPI 2011 97.05
CPI 2023 143.72
CPI 2023-12 (latest official data) 142.07
CPI today 142.18

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 2011 and 2023, use the corresponding CPI values:

Value2023
=Value2011 ×
CPI2023/CPI2011
=€ 100 ×
143.72/97.05
€148.1

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 142.18:

Valuetoday
=Value2011 ×
CPItoday/CPI2011
=€ 100 ×
142.18/97.05
€146.5

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 12 years between 2011 and 2023 and the average inflation rate was 3.3265%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.033265)12
€148.1

Latvia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2011 €1.48 euro in 2023
€5 euro in 2011 €7.4 euro in 2023
€10 euro in 2011 €14.81 euro in 2023
€50 euro in 2011 €74.05 euro in 2023
€100 euro in 2011 €148.1 euro in 2023
€500 euro in 2011 €740.48 euro in 2023
€1,000 euro in 2011 €1,480.95 euro in 2023
€5,000 euro in 2011 €7,404.75 euro in 2023
€10,000 euro in 2011 €14,809.51 euro in 2023
€50,000 euro in 2011 €74,047.53 euro in 2023
€100,000 euro in 2011 €148,095.05 euro in 2023
€500,000 euro in 2011 €740,475.26 euro in 2023
€1,000,000 euro in 2011 €1,480,950.51 euro in 2023
Cumulative inflation From 2011 46.5%
Avg. annual inflation From 2011 2.98%
CPI 2011 97.05
CPI today 142.18

Value of Euro over time (by year)

Period Value
2011 100
2012 102.26
2013 102.23
2014 102.86
2015 103.04
2016 103.19
2017 106.21
2018 108.9
2019 111.96
2020 112.21
2021 115.88
2022 135.94
2023 148.1
2023-12 146.39
Today 146.5

All available years

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

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 | 2023 |

Other currencies: