Inflation calculator - Euro (Germany)

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
€571.64 in 2023

The inflation rate in Germany between 1956 and 2023 was 471.64%, which translates into a total increase of €471.64. This means that 100 euro in 1956 are equivalent to 571.64 euro in 2023. In other words, the purchasing power of €100 in 1956 equals €571.64 in 2023. The average annual inflation rate between these periods was 2.64%.

Inflation timeline in Germany (1956 - 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 1956 to 2023 471.64%
Avg. Annual inflation from 1956 to 2023 2.64%
CPI 1956 21.52
CPI 2023 123.03

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 1956 and 2023, use the corresponding CPI values:

Value2023
=Value1956 ×
CPI2023/CPI1956
=€ 100 ×
123.03/21.52
€571.64

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 67 years between 1956 and 2023 and the average inflation rate was 2.6362%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.026362)67
€571.64

Germany inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1956 €5.72 euro in 2023
€5 euro in 1956 €28.58 euro in 2023
€10 euro in 1956 €57.16 euro in 2023
€50 euro in 1956 €285.82 euro in 2023
€100 euro in 1956 €571.64 euro in 2023
€500 euro in 1956 €2,858.21 euro in 2023
€1,000 euro in 1956 €5,716.42 euro in 2023
€5,000 euro in 1956 €28,582.11 euro in 2023
€10,000 euro in 1956 €57,164.22 euro in 2023
€50,000 euro in 1956 €285,821.11 euro in 2023
€100,000 euro in 1956 €571,642.23 euro in 2023
€500,000 euro in 1956 €2,858,211.15 euro in 2023
€1,000,000 euro in 1956 €5,716,422.29 euro in 2023
Cumulative inflation 1956-2023 471.64%
Avg. annual inflation 1956-2023 2.64%
CPI 1956 21.52
CPI 2023 123.03

Value of Euro over time (by year)

Period Value
1956 100
1957 102.1
1958 104.27
1959 105.2
1960 106.82
1961 109.27
1962 112.38
1963 115.71
1964 118.41
1965 122.25
1966 126.57
1967 128.85
1968 130.74
1969 133.24
1970 137.84
1971 145.06
1972 153.02
1973 163.78
1974 175.22
1975 185.58
1976 193.46
1977 200.68
1978 206.14
1979 214.47
1980 226.14
1981 240.49
1982 253.09
1983 261.43
1984 267.72
1985 273.25
1986 272.9
1987 273.58
1988 277.06
1989 284.77
1990 292.45
1991 304.28
1992 319.67
1993 333.97
1994 342.97
1995 348.82
1996 353.88
1997 360.74
1998 364.03
1999 366.16
2000 371.43
2001 378.8
2002 384.18
2003 388.16
2004 394.62
2005 400.73
2006 407.05
2007 416.4
2008 427.35
2009 428.68
2010 433.42
2011 442.41
2012 451.3
2013 458.09
2014 462.24
2015 464.62
2016 466.9
2017 473.95
2018 482.16
2019 489.13
2020 489.84
2021 504.86
2022 539.56
2023 571.64

All available years

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

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 |

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