Value of 1971 Euro (France) today

€100 in 1971

€694.44 in 2018

The inflation rate in France between 1971 and today has been 594.44%, which translates into a total increase of €594.44. This means that 100 euro in 1971 are equivalent to 694.44 euro in 2018. In other words, the purchasing power of €100 in 1971 equals €694.44 today. The average annual inflation rate has been 4.12%.

Inflation timeline in France (1971-2018)

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 (1971-2018) 583.56%
Total Inflation* 594.44%
Annual inflation avg. (1971-2018) 4.17%
Annual inflation avg.* 4.12%
CPI 1971 14.9
CPI 2018 101.85
CPI today* 103.47
€1 in 1971 €6.84 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 47 years between 1971 and 2018 and the average inflation rate has been 4.12%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)47 = €683.56

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 1971 was 14.9 and the CPI today is 103.47. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.85/14.9
= €683.56

France inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1971 €6.94 euro today
€5 euro in 1971 €34.72 euro today
€10 euro in 1971 €69.44 euro today
€50 euro in 1971 €347.22 euro today
€100 euro in 1971 €694.44 euro today
€500 euro in 1971 €3,472.18 euro today
€1,000 euro in 1971 €6,944.36 euro today
€5,000 euro in 1971 €34,721.82 euro today
€10,000 euro in 1971 €69,443.64 euro today
€50,000 euro in 1971 €347,218.18 euro today
€100,000 euro in 1971 €694,436.35 euro today
€500,000 euro in 1971 €3,472,181.75 euro today
€1,000,000 euro in 1971 €6,944,363.51 euro today

Value of Euro in time (by year)

Period Value
1971 100
1972 105.99
1973 113.35
1974 122.96
1975 141.61
1976 155.25
1977 170.56
1978 185.87
1979 203.93
1980 227.97
1981 259.27
1982 295.29
1983 323.91
1984 354
1985 377.69
1986 395.45
1987 403.84
1988 416.42
1989 429.25
1990 444.54
1991 458.12
1992 471.95
1993 480.94
1994 491.08
1995 498.86
1996 509.26
1997 517.72
1998 523.63
1999 524.77
2000 531.34
2001 540.07
2002 547.39
2003 559.8
2004 572.02
2005 583.9
2006 593.22
2007 602.08
2008 617.65
2009 623.83
2010 629.53
2011 640.61
2012 656.38
2013 665.1
2014 669.8
2015 670.2
2016 671.41
2017 675.51
2018 683.56
Today 694.44