Value of 1996 Euro (Lithuania) today

€100 in 1996
€255.53 in 2024

The inflation rate in Lithuania between 1996 and today has been 155.53%, which translates into a total increase of €155.53. This means that 100 euro in 1996 are equivalent to 255.53 euro in 2024. In other words, the purchasing power of €100 in 1996 equals €255.53 today. The average annual inflation rate between these periods has been 3.41%.

Inflation timeline in Lithuania (1996 - 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 1996-2023 156.19%
Cumulative inflation 1996-today 155.53%
Avg. Annual inflation 1996-2023 3.55%
CPI 1996 59.41
CPI 2023 152.21
CPI 2023-12 (latest official data) 151.6
CPI today 151.82

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 1996 and 2023, use the corresponding CPI values:

Value2023
=Value1996 ×
CPI2023/CPI1996
=€ 100 ×
152.21/59.41
€256.19

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 151.82:

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=€ 100 ×
151.82/59.41
€255.53

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 27 years between 1996 and 2023 and the average inflation rate was 3.5457%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.035457)27
€256.19

Lithuania inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1996 €2.56 euro in 2023
€5 euro in 1996 €12.81 euro in 2023
€10 euro in 1996 €25.62 euro in 2023
€50 euro in 1996 €128.1 euro in 2023
€100 euro in 1996 €256.19 euro in 2023
€500 euro in 1996 €1,280.95 euro in 2023
€1,000 euro in 1996 €2,561.91 euro in 2023
€5,000 euro in 1996 €12,809.53 euro in 2023
€10,000 euro in 1996 €25,619.06 euro in 2023
€50,000 euro in 1996 €128,095.31 euro in 2023
€100,000 euro in 1996 €256,190.62 euro in 2023
€500,000 euro in 1996 €1,280,953.09 euro in 2023
€1,000,000 euro in 1996 €2,561,906.17 euro in 2023
Cumulative inflation From 1996 155.53%
Avg. annual inflation From 1996 3.41%
CPI 1996 59.41
CPI today 151.82

Value of Euro over time (by year)

Period Value
1996 100
1997 108.88
1998 114.4
1999 115.23
2000 116.36
2001 117.95
2002 118.28
2003 116.94
2004 118.3
2005 121.45
2006 125.99
2007 133.22
2008 147.77
2009 154.35
2010 156.39
2011 162.85
2012 167.88
2013 169.64
2014 169.82
2015 168.32
2016 169.84
2017 176.16
2018 180.92
2019 185.14
2020 187.36
2021 196.14
2022 234.78
2023 256.19
2023-12 255.16
Today 255.53

All available years

Today's value of euro (Lithuania) 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: