Value of 1988 Euro (Germany) today

€100 in 1988
€203.69 in 2023

The inflation rate in Germany between 1988 and today has been 103.69%, which translates into a total increase of €103.69. This means that 100 euro in 1988 are equivalent to 203.69 euro in 2023. In other words, the purchasing power of €100 in 1988 equals €203.69 today. The average annual inflation rate between these periods has been 2.05%.

Inflation timeline in Germany (1988 - 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. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1988-2022 97.48%
Cumulative inflation 1988-today 103.69%
Avg. Annual inflation 1988-2022 2.02%
CPI 1988 59.63
CPI 2022 117.76
CPI 2022-12 (latest official data) 120.62
CPI today 121.47

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 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 1988 and 2022, use the corresponding CPI values:

Value2022
=Value1988 ×
CPI2022/CPI1988
=€ 100 ×
117.76/59.63
€197.48

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.47:

Valuetoday
=Value1988 ×
CPItoday/CPI1988
=€ 100 ×
121.47/59.63
€203.69

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 34 years between 1988 and 2022 and the average inflation rate was 2.0215%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.020215)34
€197.48

Germany inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1988 €1.97 euro in 2022
€5 euro in 1988 €9.87 euro in 2022
€10 euro in 1988 €19.75 euro in 2022
€50 euro in 1988 €98.74 euro in 2022
€100 euro in 1988 €197.48 euro in 2022
€500 euro in 1988 €987.39 euro in 2022
€1,000 euro in 1988 €1,974.77 euro in 2022
€5,000 euro in 1988 €9,873.86 euro in 2022
€10,000 euro in 1988 €19,747.72 euro in 2022
€50,000 euro in 1988 €98,738.61 euro in 2022
€100,000 euro in 1988 €197,477.23 euro in 2022
€500,000 euro in 1988 €987,386.15 euro in 2022
€1,000,000 euro in 1988 €1,974,772.29 euro in 2022
Cumulative inflation From 1988 103.69%
Avg. annual inflation From 1988 2.05%
CPI 1988 59.63
CPI today 121.47

Value of Euro over time (by year)

Period Value
1988 100
1989 102.78
1990 105.55
1991 109.82
1992 115.38
1993 120.54
1994 123.79
1995 125.9
1996 127.72
1997 130.2
1998 131.39
1999 132.16
2000 134.06
2001 136.72
2002 138.66
2003 140.1
2004 142.43
2005 144.63
2006 146.91
2007 150.29
2008 154.24
2009 154.72
2010 156.43
2011 159.68
2012 162.88
2013 165.34
2014 166.83
2015 167.69
2016 168.52
2017 171.06
2018 174.02
2019 176.54
2020 177.43
2021 183.01
2022 197.48
2022-12 202.27
Today 203.69

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 |

Other currencies: