Value of 1988 Euro (Belgium) today

€100 in 1988

€189.1 in 2018

The inflation rate in Belgium between 1988 and today has been 89.1%, which translates into a total increase of €89.1. This means that 100 euro in 1988 are equivalent to 189.1 euro in 2018. In other words, the purchasing power of €100 in 1988 equals €189.1 today. The average annual inflation rate has been 2.08%.

Inflation timeline in Belgium (1988-2018)

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 (1988-2018) 84.63%
Total Inflation* 89.1%
Annual inflation avg. (1988-2018) 2.06%
Annual inflation avg.* 2.08%
CPI 1988 56.77
CPI 2018 104.8
CPI today* 107.34
€1 in 1988 €1.85 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 30 years between 1988 and 2018 and the average inflation rate has been 2.0764%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)30 = €184.63

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 1988 was 56.77 and the CPI today is 107.34. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.8/56.77
= €184.63

Belgium inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1988 €1.89 euro today
€5 euro in 1988 €9.45 euro today
€10 euro in 1988 €18.91 euro today
€50 euro in 1988 €94.55 euro today
€100 euro in 1988 €189.1 euro today
€500 euro in 1988 €945.49 euro today
€1,000 euro in 1988 €1,890.97 euro today
€5,000 euro in 1988 €9,454.87 euro today
€10,000 euro in 1988 €18,909.74 euro today
€50,000 euro in 1988 €94,548.68 euro today
€100,000 euro in 1988 €189,097.36 euro today
€500,000 euro in 1988 €945,486.8 euro today
€1,000,000 euro in 1988 €1,890,973.59 euro today

Value of Euro in time (by year)

Period Value
1988 100
1989 101.92
1990 105.6
1991 109.28
1992 112.34
1993 115.03
1994 118.13
1995 120.33
1996 122.09
1997 125.2
1998 126.63
1999 127.36
2000 129.82
2001 133.07
2002 135.97
2003 137.84
2004 140.23
2005 143.42
2006 147.56
2007 149.99
2008 154.62
2009 158.68
2010 159.1
2011 164.04
2012 169.75
2013 173.54
2014 175.22
2015 174.55
2016 177.17
2017 180.77
2018 184.63
Today 189.1