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

€694.6 in 2018

The inflation rate in Luxembourg between 1956 and 2018 was 594.6%, which translates into a total increase of €594.6. This means that 100 euro in 1956 are equivalent to 694.6 euro in 2018. In other words, the purchasing power of €100 in 1956 equals €694.6 in 2018. The average annual inflation rate between these periods was 3.18%.

Inflation timeline in Luxembourg (1956 - 2018)

The following chart ilustrates the equivalence of euro (Luxembourg) throughout the years due to compound 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.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1956-2018) 594.6%
Annual inflation avg. (1956-2018) 3.18%
CPI 1956 14.74
CPI 2018 102.41
€1 in 1956 €6.95 in 2018

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 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, the future value is the amount in 2018 that equals €100 in 1956 in terms of purchasing power. There are 62 years between 1956 and 2018 and the average inflation rate was 3.1754%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.031754)62 = €694.595167 ≈ €694.6

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 1956 was 14.74 and in 2018 was 102.41. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.41/14.74
= €694.6

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1956 €6.95 euro in 2018
€5 euro in 1956 €34.73 euro in 2018
€10 euro in 1956 €69.46 euro in 2018
€50 euro in 1956 €347.3 euro in 2018
€100 euro in 1956 €694.6 euro in 2018
€500 euro in 1956 €3,472.98 euro in 2018
€1,000 euro in 1956 €6,945.95 euro in 2018
€5,000 euro in 1956 €34,729.76 euro in 2018
€10,000 euro in 1956 €69,459.52 euro in 2018
€50,000 euro in 1956 €347,297.58 euro in 2018
€100,000 euro in 1956 €694,595.17 euro in 2018
€500,000 euro in 1956 €3,472,975.83 euro in 2018
€1,000,000 euro in 1956 €6,945,951.67 euro in 2018

Value of Euro in time (by year)

Period Value
1956 100
1957 102.35
1958 106.14
1959 105.67
1960 106.18
1961 106.89
1962 107.32
1963 108.21
1964 112.45
1965 115.65
1966 120.73
1967 122.6
1968 126.33
1969 129.24
1970 132.88
1971 138.63
1972 146.28
1973 154.87
1974 164.38
1975 182.86
1976 202.77
1977 219.94
1978 229.47
1979 237.21
1980 251.41
1981 268.99
1982 290.62
1983 320.92
1984 346.66
1985 360.83
1986 375.76
1987 370.43
1988 372.84
1989 379.99
1990 394.85
1991 409.69
1992 420.37
1993 432.54
1994 448.17
1995 457.17
1996 462.92
1997 469.08
1998 475.98
1999 477.89
2000 489.22
2001 506.19
2002 514.91
2003 526.43
2004 537.29
2005 548.85
2006 562.47
2007 575.56
2008 594.89
2009 601.4
2010 612.19
2011 629.14
2012 649.15
2013 664.21
2014 674.45
2015 670.31
2016 677.64
2017 685.3
2018 694.6