Estonia Inflation Calculator

Result: €100 in 1993 → €755.38 in 2023


Money in Estonia has lost 87% of its value since 1993

Updated: January 13, 2022

€100 in 1993 is equivalent in purchasing power to about €755.38 today, an increase of €655.38 over 30 years. The euro had an average inflation rate of 6.97% per year between 1993 and today, producing a cumulative price increase of 655.38%.

This means that today's prices are 7.55 times as high as average prices since 1993, according to the OECD and the World Bank consumer price index for Estonia. A euro today only buys 13.238% of what it could buy back then. Currency values from before Estonia began using the Euro are converted for the purpose of these calculations by the OECD.

The inflation rate in 1993 was 89.81%. The current inflation rate compared to last year is now 20.84%. If this number holds, €100 today will be equivalent in buying power to €120.84 next year.


Inflation from 1993 to 2023
Cumulative price change655.38%
Average inflation rate6.97%
Converted amount (€100 base)€755.38
Price difference (€100 base)€655.38
CPI in 199319.816
CPI in 2023149.687
Inflation in 199389.81%
Inflation in 202320.84%
€100 in 1993€755.38 in 2023

Estonia inflation since 1993
Annual Rate, the OECD and the World Bank CPI
Download

Buying power of €100 in 1993

This chart shows a calculation of buying power equivalence for €100 in 1993 (price index tracking began in 1992).

For example, if you started with €100, you would need to end with €755.38 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €755.38 over time, that means that the "real value" of a single Estonian euro decreases over time. In other words, a euro will pay for fewer items at the store.

This effect explains how inflation erodes the value of a euro over time. By calculating the value in 1993 dollars, the chart below shows how €100 is worth less over 30 years.

According to the OECD and the World Bank, each of these EUR amounts below is equal in terms of what it could buy at the time:

Euro inflation: 1993-2023
YearEuro ValueInflation Rate
1993€100.0089.81%
1994€147.6547.65%
1995€190.1428.78%
1996€233.9723.05%
1997€258.7310.58%
1998€279.978.21%
1999€289.203.30%
2000€300.824.02%
2001€318.115.75%
2002€329.473.57%
2003€333.871.33%
2004€344.053.05%
2005€358.094.08%
2006€373.984.44%
2007€398.666.60%
2008€439.9710.36%
2009€439.63-0.08%
2010€452.702.97%
2011€475.254.98%
2012€493.943.93%
2013€507.682.78%
2014€507.14-0.11%
2015€504.64-0.49%
2016€505.390.15%
2017€522.663.42%
2018€540.623.44%
2019€552.932.28%
2020€550.47-0.44%
2021€576.094.65%
2022€687.8419.40%
2023€755.389.82%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 24 more rows

This conversion table shows various other 1993 amounts in today's euros, based on the 655.38% change in prices:

Conversion: 1993 euros today
Initial valueEquivalent value
€1 euro in 1993€7.55 euros today
€5 euros in 1993€37.77 euros today
€10 euros in 1993€75.54 euros today
€50 euros in 1993€377.69 euros today
€100 euros in 1993€755.38 euros today
€500 euros in 1993€3,776.91 euros today
€1,000 euros in 1993€7,553.82 euros today
€5,000 euros in 1993€37,769.09 euros today
€10,000 euros in 1993€75,538.18 euros today
€50,000 euros in 1993€377,690.92 euros today
€100,000 euros in 1993€755,381.85 euros today
€500,000 euros in 1993€3,776,909.23 euros today
€1,000,000 euros in 1993€7,553,818.46 euros today

How to calculate inflation rate for €100 since 1993

Our calculations use the following inflation rate formula to calculate the change in value between 1993 and today:

CPI today CPI in 1993
×
1993 EUR value
=
Today's value

Then plug in historical CPI values. The Estonian CPI was 19.816086556960148 in the year 1993 and 149.6871204930723 in 2023:

149.687120493072319.816086556960148
×
€100
=
€755.38

€100 in 1993 has the same "purchasing power" or "buying power" as €755.38 in 2023.

To get the total inflation rate for the 30 years between 1993 and 2023, we use the following formula:

CPI in 2023 - CPI in 1993CPI in 1993
×
100
=
Cumulative inflation rate (30 years)

Plugging in the values to this equation, we get:

149.6871204930723 - 19.81608655696014819.816086556960148
×
100
=
655%

Data source & citation

You may use the following MLA citation for this page: “Estonia Inflation Calculator: World Bank data, 1993-2023 (EUR).” Official Inflation Data, Alioth Finance, 1 Feb. 2023, https://www.officialdata.org/estonia/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1993 to 2023
Cumulative price change655.38%
Average inflation rate6.97%
Converted amount (€100 base)€755.38
Price difference (€100 base)€655.38
CPI in 199319.816
CPI in 2023149.687
Inflation in 199389.81%
Inflation in 202320.84%
€100 in 1993€755.38 in 2023