Value of 1992 Euro (Finland) today - Inflation Calculator

€100 in 1992

€174.22 in 2024

The inflation rate in Finland between 1992 and today has been 74.22%, which translates into a total increase of €74.22. This means that 100 euro in 1992 are equivalent to 174.22 euro in 2024. In other words, the purchasing power of €100 in 1992 equals €174.22 today. The average annual inflation rate between these periods has been 1.75%.

Inflation timeline in Finland (1992 - 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 1992-2023	70.59%
Cumulative inflation 1992-today	74.22%
Avg. Annual inflation 1992-2023	1.74%
CPI 1992	70.61
CPI 2023	120.45
CPI 2024-10 (latest official data)	122.92
CPI today	123.01

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:

Value_t =Value₀ ×

CPI_t/CPI₀

To obtain the values equivalent in buying power between 1992 and 2023, use the corresponding CPI values:

Value₂₀₂₃

=Value₁₉₉₂ ×

CPI₂₀₂₃/CPI₁₉₉₂

=€ 100 ×

120.45/70.61

≈€170.59

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.01:

Value_today

=Value₁₉₉₂ ×

CPI_today/CPI₁₉₉₂

=€ 100 ×

123.01/70.61

≈€174.22

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 1.7378%. Therefore, we can resolve the formula like this:

Value₂₀₂₃

=PV × (1 + i)ⁿ

=€100 × (1 + 0.017378)³¹

≈€170.59

Finland inflation - Conversion table

Initial Value		Equivalent value
€1 euro in 1992	→	€1.71 euro in 2023
€5 euro in 1992	→	€8.53 euro in 2023
€10 euro in 1992	→	€17.06 euro in 2023
€50 euro in 1992	→	€85.3 euro in 2023
€100 euro in 1992	→	€170.59 euro in 2023
€500 euro in 1992	→	€852.96 euro in 2023
€1,000 euro in 1992	→	€1,705.92 euro in 2023
€5,000 euro in 1992	→	€8,529.61 euro in 2023
€10,000 euro in 1992	→	€17,059.21 euro in 2023
€50,000 euro in 1992	→	€85,296.07 euro in 2023
€100,000 euro in 1992	→	€170,592.14 euro in 2023
€500,000 euro in 1992	→	€852,960.69 euro in 2023
€1,000,000 euro in 1992	→	€1,705,921.38 euro in 2023

Cumulative inflation From 1992	74.22%
Avg. annual inflation From 1992	1.75%
CPI 1992	70.61
CPI today	123.01

Value of Euro over time (by year)

Period	Value
1992	100
1993	102.19
1994	103.3
1995	104.12
1996	104.78
1997	106.03
1998	107.51
1999	108.76
2000	112.07
2001	114.96
2002	116.76
2003	117.79
2004	118.01
2005	118.74
2006	120.6
2007	123.63
2008	128.66
2009	128.66
2010	130.18
2011	134.63
2012	138.41
2013	140.46
2014	141.92
2015	141.62
2016	142.13
2017	143.2
2018	144.75
2019	146.24
2020	146.66
2021	149.88
2022	160.56
2023	170.59
2024-10	174.09
Today	174.22