Purchasing power calculator
Due to the changes in prices the purchasing power of money increases or decreases. The purchasing power calculator enables to compare the purchasing power of any sum of money (income, wages, savings, etc.) in different years.
I enter my income in 2009 (9,000 kroons) and receive the answer what is the sum with the equivalent purchasing power in 2011 (622 euros). The comparison of sums enables to make conclusions about the changes in the purchasing power of the income.
I saved 200 euros in 2005. For 2011 the purchasing power of this sum has decreased as the sum of savings with the same purchasing power would be 265 euros in 2011.
In calculations, the purchasing power calculator uses the average consumer price index of the respective calendar year.
The latest published monthly index is used for the current year.