Value of 1971 Euro (Luxembourg) today

€100 in 1971
€550.34 in 2022

The inflation rate in Luxembourg between 1971 and today has been 450.34%, which translates into a total increase of €450.34. This means that 100 euro in 1971 are equivalent to 550.34 euro in 2022. In other words, the purchasing power of €100 in 1971 equals €550.34 today. The average annual inflation rate between these periods has been 3.4%.

Inflation timeline in Luxembourg (1971 - 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 1971-2021 416.13%
Cumulative inflation 1971-today 450.34%
Avg. Annual inflation 1971-2021 3.34%
CPI 1971 21.11
CPI 2021 108.94
CPI 2022-04 (latest official data) 115.72
CPI today 116.16

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 1971 and 2021, use the corresponding CPI values:

Value2021
=Value1971 ×
CPI2021/CPI1971
=€ 100 ×
108.94/21.11
€516.13

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.16:

Valuetoday
=Value1971 ×
CPItoday/CPI1971
=€ 100 ×
116.16/21.11
€550.34

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 50 years between 1971 and 2021 and the average inflation rate was 3.3368%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.033368)50
€516.13

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1971 €5.16 euro in 2021
€5 euro in 1971 €25.81 euro in 2021
€10 euro in 1971 €51.61 euro in 2021
€50 euro in 1971 €258.06 euro in 2021
€100 euro in 1971 €516.13 euro in 2021
€500 euro in 1971 €2,580.64 euro in 2021
€1,000 euro in 1971 €5,161.27 euro in 2021
€5,000 euro in 1971 €25,806.37 euro in 2021
€10,000 euro in 1971 €51,612.73 euro in 2021
€50,000 euro in 1971 €258,063.66 euro in 2021
€100,000 euro in 1971 €516,127.32 euro in 2021
€500,000 euro in 1971 €2,580,636.6 euro in 2021
€1,000,000 euro in 1971 €5,161,273.21 euro in 2021
Cumulative inflation From 1971 450.34%
Avg. annual inflation From 1971 3.4%
CPI 1971 21.11
CPI today 116.16

Value of Euro over time (by year)

Period Value
1971 100
1972 105.23
1973 111.61
1974 122.26
1975 135.36
1976 148.62
1977 158.59
1978 163.5
1979 170.93
1980 181.7
1981 196.37
1982 214.74
1983 233.36
1984 248.38
1985 258.55
1986 259.31
1987 259.16
1988 262.88
1989 271.75
1990 280.59
1991 289.34
1992 298.46
1993 309.17
1994 315.96
1995 321.86
1996 325.67
1997 330.12
1998 333.29
1999 336.7
2000 347.31
2001 356.57
2002 363.96
2003 371.42
2004 379.69
2005 389.13
2006 399.51
2007 408.75
2008 422.65
2009 424.21
2010 433.85
2011 448.65
2012 460.6
2013 468.58
2014 471.53
2015 473.77
2016 475.15
2017 483.37
2018 490.76
2019 499.31
2020 503.41
2021 516.13
2022-04 548.25
Today 550.34

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 |

Other currencies: