# Estonia Inflation Calculator

Result: €100 in 1993 → €627.60 in 2022

## Money in Estonia has lost 84% of its value since 1993

Updated: May 11, 2022

€100 in 1993 is equivalent in purchasing power to about €627.60 today, an increase of €527.60 over 29 years. The euro had an average inflation rate of 6.54% per year between 1993 and today, producing a cumulative price increase of 527.60%.

This means that today's prices are 6.28 times higher than average prices since 1993, according to the OECD and the World Bank consumer price index for Estonia. A euro today only buys 15.934% 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 15.19%. If this number holds, €100 today will be equivalent in buying power to €115.19 next year.

 Cumulative price change 527.60% Average inflation rate 6.54% Converted amount (€100 base) €627.60 Price difference (€100 base) €527.60 CPI in 1993 19.816 CPI in 2022 124.366 Inflation in 1993 89.81% Inflation in 2022 15.19% €100 in 1993 €627.60 in 2022

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

## 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 €627.60 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €627.60 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 29 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: 1993-2022
Year Euro Value Inflation Rate
1993 €100.00 89.81%
1994 €147.65 47.65%
1995 €190.14 28.78%
1996 €233.97 23.05%
1997 €258.73 10.58%
1998 €279.97 8.21%
1999 €289.20 3.30%
2000 €300.82 4.02%
2001 €318.11 5.75%
2002 €329.47 3.57%
2003 €333.87 1.33%
2004 €344.05 3.05%
2005 €358.09 4.08%
2006 €373.98 4.44%
2007 €398.66 6.60%
2008 €439.97 10.36%
2009 €439.63 -0.08%
2010 €452.70 2.97%
2011 €475.25 4.98%
2012 €493.94 3.93%
2013 €507.68 2.78%
2014 €507.14 -0.11%
2015 €504.64 -0.49%
2016 €505.39 0.15%
2017 €522.66 3.42%
2018 €540.62 3.44%
2019 €552.93 2.28%
2020 €550.47 -0.44%
2021 €576.09 4.65%
2022 €627.60 8.94%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 23 more rows

This conversion table shows various other 1993 amounts in today's euros, based on the 527.60% change in prices:

Conversion: 1993 euros today
Initial value Equivalent value
€1 euro in 1993 €6.28 euros today
€5 euros in 1993 €31.38 euros today
€10 euros in 1993 €62.76 euros today
€50 euros in 1993 €313.80 euros today
€100 euros in 1993 €627.60 euros today
€500 euros in 1993 €3,137.99 euros today
€1,000 euros in 1993 €6,275.99 euros today
€5,000 euros in 1993 €31,379.93 euros today
€10,000 euros in 1993 €62,759.87 euros today
€50,000 euros in 1993 €313,799.35 euros today
€100,000 euros in 1993 €627,598.69 euros today
€500,000 euros in 1993 €3,137,993.46 euros today
€1,000,000 euros in 1993 €6,275,986.92 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 19.81608655696015 in the year 1993 and 124.3655 in 2022:

124.365519.81608655696015
×
€100
=
€627.60

€100 in 1993 has the same "purchasing power" or "buying power" as €627.60 in 2022.

To get the total inflation rate for the 29 years between 1993 and 2022, we use the following formula:

CPI in 2022 - CPI in 1993CPI in 1993
×
100
=
Cumulative inflation rate (29 years)

Plugging in the values to this equation, we get:

124.3655 - 19.8160865569601519.81608655696015
×
100
=
528%

## Data source & citation

You may use the following MLA citation for this page: “Estonia Inflation Calculator: World Bank data, 1993-2022 (EUR).” Official Inflation Data, Alioth Finance, 28 May. 2022, https://www.officialdata.org/estonia/inflation.

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

in2013dollars.com is a reference website maintained by the Official Data Foundation.