Result: €100 in 1992 → €1,324.61 in 2024
€100 in 1992 is equivalent in purchasing power to about €1,324.61 today, an increase of €1,224.61 over 32 years. The euro had an average inflation rate of 8.41% per year between 1992 and today, producing a cumulative price increase of 1,224.61%.
This means that today's prices are 13.25 times as high as average prices since 1992, according to the OECD and the World Bank consumer price index for Latvia. A euro today only buys 7.549% of what it could buy back then. Currency values from before Latvia began using the Euro are converted for the purpose of these calculations by the OECD.
The inflation rate in 1992 was 951.70%. The current inflation rate compared to the end of last year is now 0.84%. If this number holds, €100 today will be equivalent in buying power to €100.84 next year.
Cumulative price change | 1,224.61% |
Average inflation rate | 8.41% |
Converted amount €100 base | €1,324.61 |
Price difference €100 base | €1,224.61 |
CPI in 1992 | 11.050 |
CPI in 2024 | 146.373 |
Inflation in 1992 | 951.70% |
Inflation in 2024 | 0.84% |
€100 in 1992 | €1,324.61 in 2024 |
This chart shows a calculation of buying power equivalence for €100 in 1992 (price index tracking began in 1991).
For example, if you started with €100, you would need to end with €1,324.61 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When €100 is equivalent to €1,324.61 over time, that means that the "real value" of a single Latvian 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 1992 dollars, the chart below shows how €100 is worth less over 32 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:
This conversion table shows various other 1992 amounts in today's euros, based on the 1,224.61% change in prices:
Initial value | Equivalent value |
---|---|
€1 euro in 1992 | €13.25 euros today |
€5 euros in 1992 | €66.23 euros today |
€10 euros in 1992 | €132.46 euros today |
€50 euros in 1992 | €662.30 euros today |
€100 euros in 1992 | €1,324.61 euros today |
€500 euros in 1992 | €6,623.03 euros today |
€1,000 euros in 1992 | €13,246.07 euros today |
€5,000 euros in 1992 | €66,230.34 euros today |
€10,000 euros in 1992 | €132,460.68 euros today |
€50,000 euros in 1992 | €662,303.38 euros today |
€100,000 euros in 1992 | €1,324,606.76 euros today |
€500,000 euros in 1992 | €6,623,033.81 euros today |
€1,000,000 euros in 1992 | €13,246,067.62 euros today |
Our calculations use the following inflation rate formula to calculate the change in value between 1992 and today:
Then plug in historical CPI values. The Latvian CPI was 11.05033 in the year 1992 and 146.37341841676925 in 2024:
€100 in 1992 has the same "purchasing power" or "buying power" as €1,324.61 in 2024.
To get the total inflation rate for the 32 years between 1992 and 2024, we use the following formula:
Plugging in the values to this equation, we get:
You may use the following MLA citation for this page: “Latvia Inflation Calculator: World Bank data, 1992-2024 (EUR).” Official Inflation Data, Alioth Finance, 24 Nov. 2024, https://www.officialdata.org/latvia/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
Cumulative price change | 1,224.61% |
Average inflation rate | 8.41% |
Converted amount €100 base | €1,324.61 |
Price difference €100 base | €1,224.61 |
CPI in 1992 | 11.050 |
CPI in 2024 | 146.373 |
Inflation in 1992 | 951.70% |
Inflation in 2024 | 0.84% |
€100 in 1992 | €1,324.61 in 2024 |