Value of 1998 Euro (Lithuania) today

€100 in 1998
€227.33 in 2024

The inflation rate in Lithuania between 1998 and today has been 127.33%, which translates into a total increase of €127.33. This means that 100 euro in 1998 are equivalent to 227.33 euro in 2024. In other words, the purchasing power of €100 in 1998 equals €227.33 today. The average annual inflation rate between these periods has been 3.21%.

Inflation timeline in Lithuania (1998 - 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 1998-2023 123.95%
Cumulative inflation 1998-today 127.33%
Avg. Annual inflation 1998-2023 3.28%
CPI 1998 67.97
CPI 2023 152.21
CPI 2024-11 (latest official data) 154.38
CPI today 154.51

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 1998 and 2023, use the corresponding CPI values:

Value2023
=Value1998 ×
CPI2023/CPI1998
=€ 100 ×
152.21/67.97
€223.95

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 154.51:

Valuetoday
=Value1998 ×
CPItoday/CPI1998
=€ 100 ×
154.51/67.97
€227.33

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 25 years between 1998 and 2023 and the average inflation rate was 3.2775%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.032775)25
€223.95

Lithuania inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1998 €2.24 euro in 2023
€5 euro in 1998 €11.2 euro in 2023
€10 euro in 1998 €22.39 euro in 2023
€50 euro in 1998 €111.97 euro in 2023
€100 euro in 1998 €223.95 euro in 2023
€500 euro in 1998 €1,119.73 euro in 2023
€1,000 euro in 1998 €2,239.45 euro in 2023
€5,000 euro in 1998 €11,197.27 euro in 2023
€10,000 euro in 1998 €22,394.55 euro in 2023
€50,000 euro in 1998 €111,972.73 euro in 2023
€100,000 euro in 1998 €223,945.45 euro in 2023
€500,000 euro in 1998 €1,119,727.27 euro in 2023
€1,000,000 euro in 1998 €2,239,454.53 euro in 2023
Cumulative inflation From 1998 127.33%
Avg. annual inflation From 1998 3.21%
CPI 1998 67.97
CPI today 154.51

Value of Euro over time (by year)

Period Value
1998 100
1999 100.73
2000 101.72
2001 103.11
2002 103.4
2003 102.22
2004 103.41
2005 106.16
2006 110.13
2007 116.45
2008 129.18
2009 134.93
2010 136.71
2011 142.35
2012 146.75
2013 148.29
2014 148.44
2015 147.13
2016 148.46
2017 153.99
2018 158.14
2019 161.84
2020 163.78
2021 171.45
2022 205.23
2023 223.95
2024-11 227.14
Today 227.33

All available years

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

1991 | 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: