Inflation calculator - Euro (Luxembourg)

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
€815.46 in 2023

The inflation rate in Luxembourg between 1956 and 2023 was 715.46%, which translates into a total increase of €715.46. This means that 100 euro in 1956 are equivalent to 815.46 euro in 2023. In other words, the purchasing power of €100 in 1956 equals €815.46 in 2023. The average annual inflation rate between these periods was 3.18%.

Inflation timeline in Luxembourg (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 715.46%
Avg. Annual inflation from 1956 to 2023 3.18%
CPI 1956 14.74
CPI 2023 120.18

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 ×
120.18/14.74
€815.46

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 3.1818%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.031818)67
€815.46

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1956 €8.15 euro in 2023
€5 euro in 1956 €40.77 euro in 2023
€10 euro in 1956 €81.55 euro in 2023
€50 euro in 1956 €407.73 euro in 2023
€100 euro in 1956 €815.46 euro in 2023
€500 euro in 1956 €4,077.3 euro in 2023
€1,000 euro in 1956 €8,154.59 euro in 2023
€5,000 euro in 1956 €40,772.97 euro in 2023
€10,000 euro in 1956 €81,545.93 euro in 2023
€50,000 euro in 1956 €407,729.65 euro in 2023
€100,000 euro in 1956 €815,459.31 euro in 2023
€500,000 euro in 1956 €4,077,296.54 euro in 2023
€1,000,000 euro in 1956 €8,154,593.08 euro in 2023
 Cumulative inflation 1956-2023 715.46% Avg. annual inflation 1956-2023 3.18% CPI 1956 14.74 CPI 2023 120.18

Value of Euro over time (by year)

Period Value
1956 100
1957 104.62
1958 105.31
1959 105.71
1960 106.19
1961 106.7
1962 107.66
1963 110.75
1964 114.18
1965 117.99
1966 121.92
1967 124.56
1968 127.83
1969 130.76
1970 136.83
1971 143.22
1972 150.71
1973 159.85
1974 175.1
1975 193.87
1976 212.86
1977 227.14
1978 234.17
1979 244.81
1980 260.24
1981 281.25
1982 307.56
1983 334.23
1984 355.74
1985 370.3
1986 371.39
1987 371.18
1988 376.51
1989 389.2
1990 401.87
1991 414.4
1992 427.47
1993 442.81
1994 452.53
1995 460.98
1996 466.43
1997 472.81
1998 477.35
1999 482.24
2000 497.43
2001 510.68
2002 521.28
2003 531.96
2004 543.8
2005 557.33
2006 572.19
2007 585.42
2008 605.34
2009 607.56
2010 621.38
2011 642.57
2012 659.68
2013 671.12
2014 675.34
2015 678.55
2016 680.52
2017 692.3
2018 702.88
2019 715.13
2020 720.99
2021 739.21
2022 786.05
2023 815.46

All available years

Today's value of euro (Luxembourg) 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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