Value of 1976 Euro (Luxembourg) today

€100 in 1976
€387.89 in 2024

The inflation rate in Luxembourg between 1976 and today has been 287.89%, which translates into a total increase of €287.89. This means that 100 euro in 1976 are equivalent to 387.89 euro in 2024. In other words, the purchasing power of €100 in 1976 equals €387.89 today. The average annual inflation rate between these periods has been 2.86%.

Inflation timeline in Luxembourg (1976 - 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 1976-2023 283.09%
Cumulative inflation 1976-today 287.89%
Avg. Annual inflation 1976-2023 2.9%
CPI 1976 31.37
CPI 2023 120.18
CPI 2023-12 (latest official data) 121.17
CPI today 121.68

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 1976 and 2023, use the corresponding CPI values:

Value2023
=Value1976 ×
CPI2023/CPI1976
=€ 100 ×
120.18/31.37
€383.09

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.68:

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=€ 100 ×
121.68/31.37
€387.89

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 47 years between 1976 and 2023 and the average inflation rate was 2.8989%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.028989)47
€383.09

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1976 €3.83 euro in 2023
€5 euro in 1976 €19.15 euro in 2023
€10 euro in 1976 €38.31 euro in 2023
€50 euro in 1976 €191.54 euro in 2023
€100 euro in 1976 €383.09 euro in 2023
€500 euro in 1976 €1,915.44 euro in 2023
€1,000 euro in 1976 €3,830.88 euro in 2023
€5,000 euro in 1976 €19,154.42 euro in 2023
€10,000 euro in 1976 €38,308.84 euro in 2023
€50,000 euro in 1976 €191,544.18 euro in 2023
€100,000 euro in 1976 €383,088.36 euro in 2023
€500,000 euro in 1976 €1,915,441.8 euro in 2023
€1,000,000 euro in 1976 €3,830,883.6 euro in 2023
Cumulative inflation From 1976 287.89%
Avg. annual inflation From 1976 2.86%
CPI 1976 31.37
CPI today 121.68

Value of Euro over time (by year)

Period Value
1976 100
1977 106.71
1978 110.01
1979 115.01
1980 122.25
1981 132.12
1982 144.49
1983 157.01
1984 167.12
1985 173.96
1986 174.47
1987 174.37
1988 176.88
1989 182.84
1990 188.79
1991 194.68
1992 200.82
1993 208.02
1994 212.59
1995 216.56
1996 219.12
1997 222.12
1998 224.25
1999 226.55
2000 233.69
2001 239.91
2002 244.89
2003 249.91
2004 255.47
2005 261.82
2006 268.8
2007 275.02
2008 284.38
2009 285.42
2010 291.91
2011 301.87
2012 309.91
2013 315.28
2014 317.26
2015 318.77
2016 319.7
2017 325.23
2018 330.2
2019 335.96
2020 338.71
2021 347.27
2022 369.27
2023 383.09
2023-12 386.25
Today 387.89

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 |

Other currencies: