Result: €100 in 2005 → €218.21 in 2024
Money in Latvia has lost 54% of its value since 2005
Updated: November 13, 2024€100 in 2005 is equivalent in purchasing power to about €218.21 today, an increase of €118.21 over 19 years. The euro had an average inflation rate of 4.19% per year between 2005 and today, producing a cumulative price increase of 118.21%.
This means that today's prices are 2.18 times as high as average prices since 2005, according to the OECD and the World Bank consumer price index for Latvia. A euro today only buys 45.827% of what it could buy back then.
The inflation rate in 2005 was 6.75%. 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 | 118.21% |
| Average inflation rate | 4.19% |
| Converted amount €100 base | €218.21 |
| Price difference €100 base | €118.21 |
| CPI in 2005 | 67.080 |
| CPI in 2024 | 146.373 |
| Inflation in 2005 | 6.75% |
| Inflation in 2024 | 0.84% |
| €100 in 2005 | €218.21 in 2024 |
Buying power of €100 in 2005
This chart shows a calculation of buying power equivalence for €100 in 2005 (price index tracking began in 1991).
For example, if you started with €100, you would need to end with €218.21 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When €100 is equivalent to €218.21 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 2005 dollars, the chart below shows how €100 is worth less over 19 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 2005 amounts in today's euros, based on the 118.21% change in prices:
| Initial value | Equivalent value |
|---|---|
| €1 euro in 2005 | €2.18 euros today |
| €5 euros in 2005 | €10.91 euros today |
| €10 euros in 2005 | €21.82 euros today |
| €50 euros in 2005 | €109.10 euros today |
| €100 euros in 2005 | €218.21 euros today |
| €500 euros in 2005 | €1,091.04 euros today |
| €1,000 euros in 2005 | €2,182.08 euros today |
| €5,000 euros in 2005 | €10,910.39 euros today |
| €10,000 euros in 2005 | €21,820.79 euros today |
| €50,000 euros in 2005 | €109,103.95 euros today |
| €100,000 euros in 2005 | €218,207.89 euros today |
| €500,000 euros in 2005 | €1,091,039.47 euros today |
| €1,000,000 euros in 2005 | €2,182,078.93 euros today |
How to calculate inflation rate for €100 since 2005
Our calculations use the following inflation rate formula to calculate the change in value between 2005 and today:
CPI today CPI in 2005
×
2005 EUR value
=
Today's value
Then plug in historical CPI values. The Latvian CPI was 67.0798 in the year 2005 and 146.37341841676925 in 2024:
146.3734184167692567.0798
×
€100
=
€218.21
€100 in 2005 has the same "purchasing power" or "buying power" as €218.21 in 2024.
To get the total inflation rate for the 19 years between 2005 and 2024, we use the following formula:
CPI in 2024 - CPI in 2005CPI in 2005
×
100
=
Cumulative inflation rate (19 years)
Plugging in the values to this equation, we get:
146.37341841676925 - 67.079867.0798
×
100
=
118%
Data source & citation
You may use the following MLA citation for this page: “Value of 2005 Euros today | Latvia Inflation Calculator.” Official Inflation Data, Alioth Finance, 23 Nov. 2024, https://www.officialdata.org/latvia/inflation/2005.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 118.21% |
| Average inflation rate | 4.19% |
| Converted amount €100 base | €218.21 |
| Price difference €100 base | €118.21 |
| CPI in 2005 | 67.080 |
| CPI in 2024 | 146.373 |
| Inflation in 2005 | 6.75% |
| Inflation in 2024 | 0.84% |
| €100 in 2005 | €218.21 in 2024 |