Value of 1955 Euro (Luxembourg) today

€100 in 1955
€841.3 in 2024

The inflation rate in Luxembourg between 1955 and today has been 741.3%, which translates into a total increase of €741.3. This means that 100 euro in 1955 are equivalent to 841.3 euro in 2024. In other words, the purchasing power of €100 in 1955 equals €841.3 today. The average annual inflation rate between these periods has been 3.13%.

Inflation timeline in Luxembourg (1955 - 2024)

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 1955-2023 720.15%
Cumulative inflation 1955-today 741.3%
Avg. Annual inflation 1955-2023 3.14%
CPI 1955 14.65
CPI 2023 120.18
CPI 2024-06 (latest official data) 123.12
CPI today 123.28

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 1955 and 2023, use the corresponding CPI values:

Value2023
=Value1955 ×
CPI2023/CPI1955
=€ 100 ×
120.18/14.65
€820.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 123.28:

Valuetoday
=Value1955 ×
CPItoday/CPI1955
=€ 100 ×
123.28/14.65
€841.3

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 68 years between 1955 and 2023 and the average inflation rate was 3.143%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.03143)68
€820.15

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1955 €8.2 euro in 2023
€5 euro in 1955 €41.01 euro in 2023
€10 euro in 1955 €82.02 euro in 2023
€50 euro in 1955 €410.08 euro in 2023
€100 euro in 1955 €820.15 euro in 2023
€500 euro in 1955 €4,100.76 euro in 2023
€1,000 euro in 1955 €8,201.52 euro in 2023
€5,000 euro in 1955 €41,007.59 euro in 2023
€10,000 euro in 1955 €82,015.18 euro in 2023
€50,000 euro in 1955 €410,075.9 euro in 2023
€100,000 euro in 1955 €820,151.8 euro in 2023
€500,000 euro in 1955 €4,100,759.02 euro in 2023
€1,000,000 euro in 1955 €8,201,518.04 euro in 2023
Cumulative inflation From 1955 741.3%
Avg. annual inflation From 1955 3.13%
CPI 1955 14.65
CPI today 123.28

Value of Euro over time (by year)

Period Value
1955 100
1956 100.58
1957 105.23
1958 105.91
1959 106.32
1960 106.8
1961 107.31
1962 108.28
1963 111.39
1964 114.84
1965 118.67
1966 122.62
1967 125.28
1968 128.57
1969 131.52
1970 137.62
1971 144.05
1972 151.57
1973 160.77
1974 176.11
1975 194.99
1976 214.09
1977 228.45
1978 235.51
1979 246.22
1980 261.73
1981 282.86
1982 309.33
1983 336.15
1984 357.78
1985 372.43
1986 373.53
1987 373.31
1988 378.68
1989 391.44
1990 404.18
1991 416.78
1992 429.93
1993 445.35
1994 455.13
1995 463.63
1996 469.12
1997 475.53
1998 480.09
1999 485.01
2000 500.3
2001 513.62
2002 524.28
2003 535.02
2004 546.93
2005 560.54
2006 575.48
2007 588.79
2008 608.82
2009 611.06
2010 624.95
2011 646.27
2012 663.48
2013 674.98
2014 679.23
2015 682.45
2016 684.43
2017 696.28
2018 706.92
2019 719.25
2020 725.14
2021 743.47
2022 790.57
2023 820.15
2024-06 840.23
Today 841.3

All available years

Today's value of euro (Luxembourg) by year:

1955 | 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 |

Other currencies: