Value of 1991 Euro (Luxembourg) today

€100 in 1991

€172.93 in 2019

The inflation rate in Luxembourg between 1991 and today has been 72.93%, which translates into a total increase of €72.93. This means that 100 euro in 1991 are equivalent to 172.93 euro in 2019. In other words, the purchasing power of €100 in 1991 equals €172.93 today. The average annual inflation rate has been 1.91%.

Inflation timeline in Luxembourg (1991-2019)

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 (1991-2019) 72.7%
Total Inflation* 72.93%
Annual inflation avg. (1991-2019) 1.97%
Annual inflation avg.* 1.91%
CPI 1991 60.4
CPI 2019 104.32
CPI today* 104.46
€1 in 1991 €1.73 in 2019

* 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 28 years between 1991 and 2019 and the average inflation rate has been 1.9066%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)28 = €172.7

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 1991 was 60.4 and the CPI today is 104.46. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.32/60.4
= €172.7

Luxembourg inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1991 €1.73 euro today
€5 euro in 1991 €8.65 euro today
€10 euro in 1991 €17.29 euro today
€50 euro in 1991 €86.46 euro today
€100 euro in 1991 €172.93 euro today
€500 euro in 1991 €864.64 euro today
€1,000 euro in 1991 €1,729.28 euro today
€5,000 euro in 1991 €8,646.41 euro today
€10,000 euro in 1991 €17,292.83 euro today
€50,000 euro in 1991 €86,464.14 euro today
€100,000 euro in 1991 €172,928.28 euro today
€500,000 euro in 1991 €864,641.39 euro today
€1,000,000 euro in 1991 €1,729,282.78 euro today

Value of Euro in time (by year)

Period Value
1991 100
1992 102.61
1993 105.58
1994 109.39
1995 111.59
1996 112.99
1997 114.5
1998 116.18
1999 116.65
2000 119.41
2001 123.56
2002 125.68
2003 128.49
2004 131.15
2005 133.97
2006 137.29
2007 140.49
2008 145.21
2009 146.8
2010 149.43
2011 153.57
2012 158.45
2013 162.13
2014 164.63
2015 163.62
2016 165.4
2017 167.27
2018 169.54
2019 172.7
Today 172.93