Value of 1955 Euro (Portugal) today

€100 in 1955
€12,163.14 in 2024

The inflation rate in Portugal between 1955 and today has been 12,063.14%, which translates into a total increase of €12,063.14. This means that 100 euro in 1955 are equivalent to 12,163.14 euro in 2024. In other words, the purchasing power of €100 in 1955 equals €12,163.14 today. The average annual inflation rate between these periods has been 7.21%.

Inflation timeline in Portugal (1955 - 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 1955-2023 11,694.61%
Cumulative inflation 1955-today 12,063.14%
Avg. Annual inflation 1955-2023 7.27%
CPI 1955 1
CPI 2023 117.7
CPI 2024-05 (latest official data) 121.18
CPI today 121.38

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 1955 and 2023, use the corresponding CPI values:

Value2023
=Value1955 ×
CPI2023/CPI1955
=€ 100 ×
117.7/1
€11,794.61

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.38:

Valuetoday
=Value1955 ×
CPItoday/CPI1955
=€ 100 ×
121.38/1
€12,163.14

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 68 years between 1955 and 2023 and the average inflation rate was 7.267%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.07267)68
€11,794.61

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1955 €117.95 euro in 2023
€5 euro in 1955 €589.73 euro in 2023
€10 euro in 1955 €1,179.46 euro in 2023
€50 euro in 1955 €5,897.31 euro in 2023
€100 euro in 1955 €11,794.61 euro in 2023
€500 euro in 1955 €58,973.06 euro in 2023
€1,000 euro in 1955 €117,946.11 euro in 2023
€5,000 euro in 1955 €589,730.57 euro in 2023
€10,000 euro in 1955 €1,179,461.13 euro in 2023
€50,000 euro in 1955 €5,897,305.65 euro in 2023
€100,000 euro in 1955 €11,794,611.31 euro in 2023
€500,000 euro in 1955 €58,973,056.54 euro in 2023
€1,000,000 euro in 1955 €117,946,113.07 euro in 2023
Cumulative inflation From 1955 12,063.14%
Avg. annual inflation From 1955 7.21%
CPI 1955 1
CPI today 121.38

Value of Euro over time (by year)

Period Value
1955 100
1956 103.2
1957 104.67
1958 106.34
1959 107.45
1960 110.73
1961 112.44
1962 115.44
1963 117.77
1964 121.83
1965 126
1966 132.35
1967 139.66
1968 148.16
1969 161.17
1970 171.45
1971 191.94
1972 212.4
1973 239.96
1974 300.15
1975 345.99
1976 419.14
1977 549.14
1978 664.67
1979 810.23
1980 938.79
1981 1,117.54
1982 1,359.81
1983 1,686.2
1984 2,164.83
1985 2,586.13
1986 2,905.04
1987 3,184.94
1988 3,506.67
1989 3,951.53
1990 4,490.15
1991 5,022.21
1992 5,502.29
1993 5,875.56
1994 6,194.04
1995 6,455.6
1996 6,653.72
1997 6,809.21
1998 6,984.39
1999 7,147.84
2000 7,351.77
2001 7,673.03
2002 7,949.29
2003 8,205.17
2004 8,399.26
2005 8,590.52
2006 8,857.49
2007 9,074.85
2008 9,309.75
2009 9,231.96
2010 9,361.45
2011 9,703.42
2012 9,972.53
2013 9,999.9
2014 9,972.08
2015 10,020.74
2016 10,081.61
2017 10,219.58
2018 10,321.14
2019 10,356.04
2020 10,354.75
2021 10,485.81
2022 11,307.13
2023 11,794.61
2024-05 12,142.75
Today 12,163.14

All available years

Today's value of euro (Portugal) by year:

1955 | 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: