# Inflation calculator - Euro (Belgium)

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

€100 in 1955
€964 in 2023

The inflation rate in Belgium between 1955 and 2023 was 864%, which translates into a total increase of €864. This means that 100 euro in 1955 are equivalent to 964 euro in 2023. In other words, the purchasing power of €100 in 1955 equals €964 in 2023. The average annual inflation rate between these periods was 3.39%.

## Inflation timeline in Belgium (1955 - 2023)

The following chart depicts the equivalence of €100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (EUR) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 1955 to 2023 864%
Avg. Annual inflation from 1955 to 2023 3.39%
CPI 1955 13.16
CPI 2023 126.87

## How to calculate the time value of money with inflation data?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

### Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1955 and 2023, use the corresponding CPI values:

Value2023
=Value1955 ×
CPI2023/CPI1955
=€ 100 ×
126.87/13.16
€964

### Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

• FV: Future Value
• PV: Present Value
• i: Interest rate (inflation)
• n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are €100 worth today. There are 68 years between 1955 and 2023 and the average inflation rate was 3.3884%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.033884)68
€964

## Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1955 €9.64 euro in 2023
€5 euro in 1955 €48.2 euro in 2023
€10 euro in 1955 €96.4 euro in 2023
€50 euro in 1955 €482 euro in 2023
€100 euro in 1955 €964 euro in 2023
€500 euro in 1955 €4,820.02 euro in 2023
€1,000 euro in 1955 €9,640.04 euro in 2023
€5,000 euro in 1955 €48,200.22 euro in 2023
€10,000 euro in 1955 €96,400.45 euro in 2023
€50,000 euro in 1955 €482,002.25 euro in 2023
€100,000 euro in 1955 €964,004.5 euro in 2023
€500,000 euro in 1955 €4,820,022.48 euro in 2023
€1,000,000 euro in 1955 €9,640,044.95 euro in 2023
 Cumulative inflation 1955-2023 864% Avg. annual inflation 1955-2023 3.39% CPI 1955 13.16 CPI 2023 126.87

### Value of Euro over time (by year)

Period Value
1955 100
1956 102.82
1957 106.08
1958 107.44
1959 108.76
1960 109.09
1961 110.17
1962 111.72
1963 114.12
1964 118.88
1965 123.71
1966 128.87
1967 132.39
1968 135.97
1969 141.07
1970 146.59
1971 152.95
1972 161.29
1973 172.51
1974 194.38
1975 219.19
1976 239.07
1977 256.04
1978 267.48
1979 279.44
1980 298.02
1981 320.75
1982 348.74
1983 375.46
1984 399.27
1985 418.71
1986 424.13
1987 430.71
1988 435.72
1989 449.25
1990 464.74
1991 479.69
1992 491.33
1993 504.87
1994 516.87
1995 524.46
1996 535.35
1997 544.07
1998 549.23
1999 555.39
2000 569.52
2001 583.58
2002 593.18
2003 602.61
2004 615.25
2005 632.36
2006 643.69
2007 655.42
2008 684.85
2009 684.48
2010 699.47
2011 724.18
2012 744.74
2013 753.03
2014 755.59
2015 759.83
2016 774.83
2017 791.3
2018 807.55
2019 819.15
2020 825.22
2021 845.36
2022 926.49
2023 964

All available years

Today's value of euro (Belgium) by year:

1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

Other currencies: