Value of 1978 Euro (Belgium) today

€100 in 1978

€311.54 in 2018

The inflation rate in Belgium between 1978 and today has been 211.54%, which translates into a total increase of €211.54. This means that 100 euro in 1978 are equivalent to 311.54 euro in 2018. In other words, the purchasing power of €100 in 1978 equals €311.54 today. The average annual inflation rate has been 2.81%.

Inflation timeline in Belgium (1978-2018)

The following chart ilustrates the equivalence of €100 throughout the years due to 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. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1978-2018) 203.7%
Total Inflation* 211.54%
Annual inflation avg. (1978-2018) 2.82%
Annual inflation avg.* 2.81%
CPI 1978 34.51
CPI 2018 104.8
CPI today* 107.51
€1 in 1978 €3.04 in 2018

* Values extrapolated from the last official data to obtain today's values.

How to calculate today's value of money after inflation?

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, it indicates how much are €100 worth today. There are 40 years between 1978 and 2018 and the average inflation rate has been 2.8104%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)40 = €303.7

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 1978 was 34.51 and the CPI today is 107.51. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/34.51
= €303.7

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €3.12 euro today
€5 euro in 1978 €15.58 euro today
€10 euro in 1978 €31.15 euro today
€50 euro in 1978 €155.77 euro today
€100 euro in 1978 €311.54 euro today
€500 euro in 1978 €1,557.69 euro today
€1,000 euro in 1978 €3,115.39 euro today
€5,000 euro in 1978 €15,576.94 euro today
€10,000 euro in 1978 €31,153.89 euro today
€50,000 euro in 1978 €155,769.43 euro today
€100,000 euro in 1978 €311,538.87 euro today
€500,000 euro in 1978 €1,557,694.33 euro today
€1,000,000 euro in 1978 €3,115,388.65 euro today

Value of Euro in time (by year)

Period Value
1978 100
1979 103.86
1980 109.2
1981 117.44
1982 126.99
1983 137.28
1984 147.1
1985 154.96
1986 161.21
1987 162.14
1988 164.49
1989 167.66
1990 173.7
1991 179.76
1992 184.78
1993 189.21
1994 194.32
1995 197.93
1996 200.83
1997 205.94
1998 208.29
1999 209.5
2000 213.55
2001 218.89
2002 223.66
2003 226.73
2004 230.66
2005 235.92
2006 242.73
2007 246.72
2008 254.33
2009 261.02
2010 261.71
2011 269.84
2012 279.23
2013 285.46
2014 288.22
2015 287.13
2016 291.43
2017 297.35
2018 303.7
Today 311.54