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 1956

€785.49 in 2018

The inflation rate in Belgium between 1956 and 2018 was 685.49%, which translates into a total increase of €685.49. This means that 100 euro in 1956 are equivalent to 785.49 euro in 2018. In other words, the purchasing power of €100 in 1956 equals €785.49 in 2018. The average annual inflation rate between these periods was 3.38%.

Inflation timeline in Belgium (1956 - 2018)

The following chart ilustrates the equivalence of euro (Belgium) throughout the years due to compound inflation and CPI changes. All values are equivalent in terms of purchashing 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.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1956-2018) 685.49%
Annual inflation avg. (1956-2018) 3.38%
CPI 1956 13.34
CPI 2018 104.8
€1 in 1956 €7.85 in 2018

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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, the future value is the amount in 2018 that equals €100 in 1956 in terms of purchasing power. There are 62 years between 1956 and 2018 and the average inflation rate was 3.3803%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.033803)62 = €785.491314 ≈ €785.49

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1956 was 13.34 and in 2018 was 104.8. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/13.34
= €785.49

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1956 €7.85 euro in 2018
€5 euro in 1956 €39.27 euro in 2018
€10 euro in 1956 €78.55 euro in 2018
€50 euro in 1956 €392.75 euro in 2018
€100 euro in 1956 €785.49 euro in 2018
€500 euro in 1956 €3,927.46 euro in 2018
€1,000 euro in 1956 €7,854.91 euro in 2018
€5,000 euro in 1956 €39,274.57 euro in 2018
€10,000 euro in 1956 €78,549.13 euro in 2018
€50,000 euro in 1956 €392,745.66 euro in 2018
€100,000 euro in 1956 €785,491.31 euro in 2018
€500,000 euro in 1956 €3,927,456.57 euro in 2018
€1,000,000 euro in 1956 €7,854,913.14 euro in 2018

Value of Euro in time (by year)

Period Value
1956 100
1957 103.18
1958 106.21
1959 106.42
1960 108.15
1961 107.96
1962 109.05
1963 110.31
1964 114.98
1965 119.53
1966 124.44
1967 128.37
1968 132.53
1969 135.87
1970 141.81
1971 146.23
1972 154.37
1973 164.26
1974 176.23
1975 203.87
1976 226.36
1977 243.26
1978 258.64
1979 268.64
1980 282.43
1981 303.75
1982 328.46
1983 355.07
1984 380.46
1985 400.79
1986 416.95
1987 419.38
1988 425.45
1989 433.63
1990 449.26
1991 464.94
1992 477.93
1993 489.39
1994 502.59
1995 511.93
1996 519.43
1997 532.65
1998 538.74
1999 541.86
2000 552.33
2001 566.15
2002 578.48
2003 586.43
2004 596.6
2005 610.2
2006 627.8
2007 638.12
2008 657.81
2009 675.11
2010 676.9
2011 697.92
2012 722.21
2013 738.33
2014 745.46
2015 742.63
2016 753.77
2017 769.08
2018 785.49