Value of 2015 Euro (Latvia) today

€100 in 2015
€143.84 in 2023

The inflation rate in Latvia between 2015 and today has been 43.84%, which translates into a total increase of €43.84. This means that 100 euro in 2015 are equivalent to 143.84 euro in 2023. In other words, the purchasing power of €100 in 2015 equals €143.84 today. The average annual inflation rate between these periods has been 4.65%.

Inflation timeline in Latvia (2015 - 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 2015-2022 31.93%
Cumulative inflation 2015-today 43.84%
Avg. Annual inflation 2015-2022 4.04%
CPI 2015 100
CPI 2022 131.93
CPI 2022-12 (latest official data) 141.18
CPI today 143.84

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 2015 and 2022, use the corresponding CPI values:

Value2022
=Value2015 ×
CPI2022/CPI2015
=€ 100 ×
131.93/100
€131.93

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 143.84:

Valuetoday
=Value2015 ×
CPItoday/CPI2015
=€ 100 ×
143.84/100
€143.84

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 7 years between 2015 and 2022 and the average inflation rate was 4.0382%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.040382)7
€131.93

Latvia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2015 €1.32 euro in 2022
€5 euro in 2015 €6.6 euro in 2022
€10 euro in 2015 €13.19 euro in 2022
€50 euro in 2015 €65.97 euro in 2022
€100 euro in 2015 €131.93 euro in 2022
€500 euro in 2015 €659.66 euro in 2022
€1,000 euro in 2015 €1,319.32 euro in 2022
€5,000 euro in 2015 €6,596.6 euro in 2022
€10,000 euro in 2015 €13,193.2 euro in 2022
€50,000 euro in 2015 €65,966 euro in 2022
€100,000 euro in 2015 €131,932 euro in 2022
€500,000 euro in 2015 €659,660 euro in 2022
€1,000,000 euro in 2015 €1,319,320 euro in 2022
Cumulative inflation From 2015 43.84%
Avg. annual inflation From 2015 4.65%
CPI 2015 100
CPI today 143.84

Value of Euro over time (by year)

Period Value
2015 100
2016 100.14
2017 103.08
2018 105.69
2019 108.66
2020 108.9
2021 112.46
2022 131.93
2022-12 141.18
Today 143.84

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 |

Other currencies: