Latvia Inflation Calculator

Result: €100 in 1992 → €1,080.43 in 2022


Money in Latvia has lost 91% of its value since 1992

Updated: May 11, 2022

€100 in 1992 is equivalent in purchasing power to about €1,080.43 today, an increase of €980.43 over 30 years. The euro had an average inflation rate of 8.26% per year between 1992 and today, producing a cumulative price increase of 980.43%.

This means that today's prices are 10.80 times higher than average prices since 1992, according to the OECD and the World Bank consumer price index for Latvia. A euro today only buys 9.256% 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 last year is now 11.48%. If this number holds, €100 today will be equivalent in buying power to €111.48 next year.


Inflation from 1992 to 2022
Cumulative price change 980.43%
Average inflation rate 8.26%
Converted amount (€100 base) €1,080.43
Price difference (€100 base) €980.43
CPI in 1992 11.050
CPI in 2022 119.391
Inflation in 1992 951.70%
Inflation in 2022 11.48%
€100 in 1992 €1,080.43 in 2022

Latvia inflation since 1992
Annual Rate, the OECD and the World Bank CPI
Download

Buying power of €100 in 1992

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 €1,080.43 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €1,080.43 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 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: 1992-2022
Year Euro Value Inflation Rate
1992 €100.00 951.70%
1993 €208.99 108.99%
1994 €284.07 35.92%
1995 €355.02 24.98%
1996 €417.54 17.61%
1997 €452.81 8.45%
1998 €473.84 4.64%
1999 €485.04 2.36%
2000 €497.92 2.65%
2001 €510.30 2.49%
2002 €520.20 1.94%
2003 €535.50 2.94%
2004 €568.66 6.19%
2005 €607.04 6.75%
2006 €646.72 6.54%
2007 €711.99 10.09%
2008 €821.65 15.40%
2009 €850.69 3.53%
2010 €841.46 -1.08%
2011 €878.24 4.37%
2012 €898.07 2.26%
2013 €897.81 -0.03%
2014 €903.38 0.62%
2015 €904.95 0.17%
2016 €906.22 0.14%
2017 €932.78 2.93%
2018 €956.42 2.53%
2019 €983.31 2.81%
2020 €985.46 0.22%
2021 €1,017.74 3.28%
2022 €1,080.43 6.16%*
* 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 1992 amounts in today's euros, based on the 980.43% change in prices:

Conversion: 1992 euros today
Initial value Equivalent value
€1 euro in 1992 €10.80 euros today
€5 euros in 1992 €54.02 euros today
€10 euros in 1992 €108.04 euros today
€50 euros in 1992 €540.21 euros today
€100 euros in 1992 €1,080.43 euros today
€500 euros in 1992 €5,402.15 euros today
€1,000 euros in 1992 €10,804.29 euros today
€5,000 euros in 1992 €54,021.46 euros today
€10,000 euros in 1992 €108,042.93 euros today
€50,000 euros in 1992 €540,214.64 euros today
€100,000 euros in 1992 €1,080,429.27 euros today
€500,000 euros in 1992 €5,402,146.36 euros today
€1,000,000 euros in 1992 €10,804,292.72 euros today

How to calculate inflation rate for €100 since 1992

Our calculations use the following inflation rate formula to calculate the change in value between 1992 and today:

CPI today CPI in 1992
×
1992 EUR value
=
Today's value

Then plug in historical CPI values. The Latvian CPI was 11.05033 in the year 1992 and 119.391 in 2022:

119.39111.05033
×
€100
=
€1,080.43

€100 in 1992 has the same "purchasing power" or "buying power" as €1,080.43 in 2022.

To get the total inflation rate for the 30 years between 1992 and 2022, we use the following formula:

CPI in 2022 - CPI in 1992CPI in 1992
×
100
=
Cumulative inflation rate (30 years)

Plugging in the values to this equation, we get:

119.391 - 11.0503311.05033
×
100
=
980%

Data source & citation

You may use the following MLA citation for this page: “Latvia Inflation Calculator: World Bank data, 1992-2022 (EUR).” Official Inflation Data, Alioth Finance, 27 May. 2022, https://www.officialdata.org/latvia/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.


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.

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Inflation from 1992 to 2022
Cumulative price change 980.43%
Average inflation rate 8.26%
Converted amount (€100 base) €1,080.43
Price difference (€100 base) €980.43
CPI in 1992 11.050
CPI in 2022 119.391
Inflation in 1992 951.70%
Inflation in 2022 11.48%
€100 in 1992 €1,080.43 in 2022