# Inflation calculator - Euro (Slovakia)

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

€100 in 1992
€526.68 in 2023

The inflation rate in Slovakia between 1992 and 2023 was 426.68%, which translates into a total increase of €426.68. This means that 100 euro in 1992 are equivalent to 526.68 euro in 2023. In other words, the purchasing power of €100 in 1992 equals €526.68 in 2023. The average annual inflation rate between these periods was 5.51%.

## Inflation timeline in Slovakia (1992 - 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.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 1992 to 2023 426.68%
Avg. Annual inflation from 1992 to 2023 5.51%
CPI 1992 26.4
CPI 2023 139.03

## How to calculate the time value of money with inflation data?

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 1992 and 2023, use the corresponding CPI values:

Value2023
=Value1992 ×
CPI2023/CPI1992
=€ 100 ×
139.03/26.4
€526.68

### 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 1992 and 2023 and the average inflation rate was 5.5057%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.055057)31
€526.68

## Slovakia inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1992 €5.27 euro in 2023
€5 euro in 1992 €26.33 euro in 2023
€10 euro in 1992 €52.67 euro in 2023
€50 euro in 1992 €263.34 euro in 2023
€100 euro in 1992 €526.68 euro in 2023
€500 euro in 1992 €2,633.42 euro in 2023
€1,000 euro in 1992 €5,266.84 euro in 2023
€5,000 euro in 1992 €26,334.19 euro in 2023
€10,000 euro in 1992 €52,668.38 euro in 2023
€50,000 euro in 1992 €263,341.9 euro in 2023
€100,000 euro in 1992 €526,683.8 euro in 2023
€500,000 euro in 1992 €2,633,419 euro in 2023
€1,000,000 euro in 1992 €5,266,838 euro in 2023
 Cumulative inflation 1992-2023 426.68% Avg. annual inflation 1992-2023 5.51% CPI 1992 26.4 CPI 2023 139.03

### Value of Euro over time (by year)

Period Value
1992 100
1993 123.29
1994 139.83
1995 153.59
1996 162.46
1997 172.44
1998 183.93
1999 203.37
2000 227.85
2001 244.55
2002 252.2
2003 273.77
2004 294.44
2005 302.41
2006 315.97
2007 324.68
2008 339.61
2009 345.1
2010 348.4
2011 362.05
2012 375.11
2013 380.36
2014 380.07
2015 378.84
2016 376.87
2017 381.81
2018 391.41
2019 401.84
2020 409.62
2021 422.53
2022 476.5
2023 526.68

All available years

Today's value of euro (Slovakia) 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: