Value of 1978 Euro (Luxembourg) today

€100 in 1978
€355.86 in 2024

The inflation rate in Luxembourg between 1978 and today has been 255.86%, which translates into a total increase of €255.86. This means that 100 euro in 1978 are equivalent to 355.86 euro in 2024. In other words, the purchasing power of €100 in 1978 equals €355.86 today. The average annual inflation rate between these periods has been 2.8%.

Inflation timeline in Luxembourg (1978 - 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 1978-2023 248.24%
Cumulative inflation 1978-today 255.86%
Avg. Annual inflation 1978-2023 2.81%
CPI 1978 34.51
CPI 2023 120.18
CPI 2024-03 (latest official data) 122.59
CPI today 122.81

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 1978 and 2023, use the corresponding CPI values:

Value2023
=Value1978 ×
CPI2023/CPI1978
=€ 100 ×
120.18/34.51
€348.24

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.81:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=€ 100 ×
122.81/34.51
€355.86

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 45 years between 1978 and 2023 and the average inflation rate was 2.8115%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.028115)45
€348.24

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €3.48 euro in 2023
€5 euro in 1978 €17.41 euro in 2023
€10 euro in 1978 €34.82 euro in 2023
€50 euro in 1978 €174.12 euro in 2023
€100 euro in 1978 €348.24 euro in 2023
€500 euro in 1978 €1,741.19 euro in 2023
€1,000 euro in 1978 €3,482.38 euro in 2023
€5,000 euro in 1978 €17,411.89 euro in 2023
€10,000 euro in 1978 €34,823.78 euro in 2023
€50,000 euro in 1978 €174,118.91 euro in 2023
€100,000 euro in 1978 €348,237.82 euro in 2023
€500,000 euro in 1978 €1,741,189.12 euro in 2023
€1,000,000 euro in 1978 €3,482,378.24 euro in 2023
Cumulative inflation From 1978 255.86%
Avg. annual inflation From 1978 2.8%
CPI 1978 34.51
CPI today 122.81

Value of Euro over time (by year)

Period Value
1978 100
1979 104.55
1980 111.13
1981 120.1
1982 131.34
1983 142.73
1984 151.92
1985 158.13
1986 158.6
1987 158.51
1988 160.79
1989 166.21
1990 171.62
1991 176.97
1992 182.55
1993 189.1
1994 193.25
1995 196.86
1996 199.19
1997 201.91
1998 203.85
1999 205.94
2000 212.43
2001 218.09
2002 222.61
2003 227.17
2004 232.23
2005 238
2006 244.35
2007 250
2008 258.51
2009 259.46
2010 265.36
2011 274.41
2012 281.71
2013 286.6
2014 288.4
2015 289.77
2016 290.61
2017 295.64
2018 300.16
2019 305.39
2020 307.9
2021 315.68
2022 335.68
2023 348.24
2024-03 355.23
Today 355.86

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: