Value of 1998 Euro (Germany) today

€100 in 1998

€133.93 in 2018

The inflation rate in Germany between 1998 and today has been 33.93%, which translates into a total increase of €33.93. This means that 100 euro in 1998 are equivalent to 133.93 euro in 2018. In other words, the purchasing power of €100 in 1998 equals €133.93 today. The average annual inflation rate has been 1.4%.

Inflation timeline in Germany (1998-2018)

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 (1998-2018) 32.14%
Total Inflation* 33.93%
Annual inflation avg. (1998-2018) 1.4%
Annual inflation avg.* 1.4%
CPI 1998 78.3
CPI 2018 103.47
CPI today* 104.87
€1 in 1998 €1.32 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 20 years between 1998 and 2018 and the average inflation rate has been 1.4009%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.01)20 = €132.14

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 1998 was 78.3 and the CPI today is 104.87. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
103.47/78.3
= €132.14

Germany inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1998 €1.34 euro today
€5 euro in 1998 €6.7 euro today
€10 euro in 1998 €13.39 euro today
€50 euro in 1998 €66.97 euro today
€100 euro in 1998 €133.93 euro today
€500 euro in 1998 €669.66 euro today
€1,000 euro in 1998 €1,339.31 euro today
€5,000 euro in 1998 €6,696.56 euro today
€10,000 euro in 1998 €13,393.11 euro today
€50,000 euro in 1998 €66,965.57 euro today
€100,000 euro in 1998 €133,931.14 euro today
€500,000 euro in 1998 €669,655.7 euro today
€1,000,000 euro in 1998 €1,339,311.39 euro today

Value of Euro in time (by year)

Period Value
1998 100
1999 100.36
2000 101.55
2001 103.58
2002 105.26
2003 106.45
2004 107.65
2005 110.04
2006 111.59
2007 113.14
2008 116.73
2009 118.04
2010 119
2011 120.55
2012 122.94
2013 125.45
2014 127.24
2015 127.48
2016 127.84
2017 129.99
2018 132.14
Today 133.93