Value of 1996 Euro (Greece) today

€100 in 1996

€171.6 today

The inflation rate in Greece between 1996 and today has been 71.6%, which translates into a total increase of €71.6. This means that 100 euro in 1996 are equivalent to 171.6 euro in 2018. In other words, the purchasing power of €100 in 1996 equals €171.6 today. The average annual inflation rate has been 2.38%.

Inflation timeline in Greece (1996-2019)

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 (1996-2018) 70.82%
Total Inflation* 71.6%
Annual inflation avg. (1996-2018) 2.46%
Annual inflation avg.* 2.38%
CPI 1996 58.99
CPI 2018 100.76
CPI today* 101.22
€1 in 1996 €1.71 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 22 years between 1996 and 2018 and the average inflation rate has been 2.3757%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)22 = €170.82

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 1996 was 58.99 and the CPI today is 101.22. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.76/58.99
= €170.82

Greece inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1996 €1.72 euro today
€5 euro in 1996 €8.58 euro today
€10 euro in 1996 €17.16 euro today
€50 euro in 1996 €85.8 euro today
€100 euro in 1996 €171.6 euro today
€500 euro in 1996 €858.02 euro today
€1,000 euro in 1996 €1,716.04 euro today
€5,000 euro in 1996 €8,580.2 euro today
€10,000 euro in 1996 €17,160.4 euro today
€50,000 euro in 1996 €85,802.02 euro today
€100,000 euro in 1996 €171,604.05 euro today
€500,000 euro in 1996 €858,020.24 euro today
€1,000,000 euro in 1996 €1,716,040.49 euro today

Value of Euro in time (by year)

Period Value
1996 100
1997 107.29
1998 112.35
1999 116.7
2000 119.9
2001 124.58
2002 128.37
2003 132.72
2004 136.81
2005 141.04
2006 146.14
2007 150.39
2008 156.23
2009 159.31
2010 163.52
2011 171.97
2012 176.13
2013 177.54
2014 174.51
2015 169.96
2016 169.67
2017 169.71
2018 170.82
Today 171.6