Value of 1988 Euro (Greece) today

€100 in 1988
€522.57 in 2022

The inflation rate in Greece between 1988 and today has been 422.57%, which translates into a total increase of €422.57. This means that 100 euro in 1988 are equivalent to 522.57 euro in 2022. In other words, the purchasing power of €100 in 1988 equals €522.57 today. The average annual inflation rate between these periods has been 4.98%.

Inflation timeline in Greece (1988 - 2022)

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 1988-2021 368.04%
Cumulative inflation 1988-today 422.57%
Avg. Annual inflation 1988-2021 4.79%
CPI 1988 21.61
CPI 2021 101.13
CPI 2022-05 (latest official data) 111.7
CPI today 112.91

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 2021, use the corresponding CPI values:

Value2021
=Value1988 ×
CPI2021/CPI1988
=€ 100 ×
101.13/21.61
€468.04

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.91:

Valuetoday
=Value1988 ×
CPItoday/CPI1988
=€ 100 ×
112.91/21.61
€522.57

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 33 years between 1988 and 2021 and the average inflation rate was 4.788%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.04788)33
€468.04

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1988 €4.68 euro in 2021
€5 euro in 1988 €23.4 euro in 2021
€10 euro in 1988 €46.8 euro in 2021
€50 euro in 1988 €234.02 euro in 2021
€100 euro in 1988 €468.04 euro in 2021
€500 euro in 1988 €2,340.18 euro in 2021
€1,000 euro in 1988 €4,680.36 euro in 2021
€5,000 euro in 1988 €23,401.82 euro in 2021
€10,000 euro in 1988 €46,803.65 euro in 2021
€50,000 euro in 1988 €234,018.23 euro in 2021
€100,000 euro in 1988 €468,036.46 euro in 2021
€500,000 euro in 1988 €2,340,182.31 euro in 2021
€1,000,000 euro in 1988 €4,680,364.62 euro in 2021
Cumulative inflation From 1988 422.57%
Avg. annual inflation From 1988 4.98%
CPI 1988 21.61
CPI today 112.91

Value of Euro over time (by year)

Period Value
1988 100
1989 113.66
1990 136.88
1991 163.51
1992 189.47
1993 216.78
1994 240.35
1995 261.82
1996 283.28
1997 298.96
1998 313.21
1999 321.47
2000 331.6
2001 342.79
2002 355.23
2003 367.77
2004 378.43
2005 391.84
2006 404.37
2007 416.07
2008 433.35
2009 438.6
2010 459.27
2011 474.56
2012 481.69
2013 477.25
2014 470.99
2015 462.81
2016 458.99
2017 464.14
2018 467.04
2019 468.22
2020 462.38
2021 468.04
2022-05 516.95
Today 522.57

All available years

Today's value of euro (Greece) 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 |

Other currencies: