Value of 1979 Euro (Luxembourg) today

€100 in 1979

€298.29 today

The inflation rate in Luxembourg between 1979 and today has been 198.29%, which translates into a total increase of €198.29. This means that 100 euro in 1979 are equivalent to 298.29 euro in 2018. In other words, the purchasing power of €100 in 1979 equals €298.29 today. The average annual inflation rate has been 2.77%.

Inflation timeline in Luxembourg (1979-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to 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. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1979-2018) 192.82%
Total Inflation* 198.29%
Annual inflation avg. (1979-2018) 2.79%
Annual inflation avg.* 2.77%
CPI 1979 34.97
CPI 2018 102.41
CPI today* 104.32
€1 in 1979 €2.93 in 2018

* Values extrapolated from the last official data to obtain today's values.

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 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, it indicates how much are €100 worth today. There are 39 years between 1979 and 2018 and the average inflation rate has been 2.7699%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)39 = €292.82

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 1979 was 34.97 and the CPI today is 104.32. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.41/34.97
= €292.82

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1979 €2.98 euro today
€5 euro in 1979 €14.91 euro today
€10 euro in 1979 €29.83 euro today
€50 euro in 1979 €149.14 euro today
€100 euro in 1979 €298.29 euro today
€500 euro in 1979 €1,491.44 euro today
€1,000 euro in 1979 €2,982.88 euro today
€5,000 euro in 1979 €14,914.4 euro today
€10,000 euro in 1979 €29,828.8 euro today
€50,000 euro in 1979 €149,144.02 euro today
€100,000 euro in 1979 €298,288.04 euro today
€500,000 euro in 1979 €1,491,440.18 euro today
€1,000,000 euro in 1979 €2,982,880.36 euro today

Value of Euro in time (by year)

Period Value
1979 100
1980 105.99
1981 113.4
1982 122.52
1983 135.29
1984 146.14
1985 152.12
1986 158.41
1987 156.16
1988 157.18
1989 160.19
1990 166.46
1991 172.71
1992 177.22
1993 182.35
1994 188.94
1995 192.73
1996 195.16
1997 197.75
1998 200.66
1999 201.47
2000 206.24
2001 213.4
2002 217.07
2003 221.93
2004 226.51
2005 231.38
2006 237.12
2007 242.64
2008 250.79
2009 253.54
2010 258.08
2011 265.23
2012 273.67
2013 280.01
2014 284.33
2015 282.59
2016 285.68
2017 288.91
2018 292.82
Today 298.29