Value of 1988 Euro (Portugal) today

€100 in 1988

€314.96 in 2018

The inflation rate in Portugal between 1988 and today has been 214.96%, which translates into a total increase of €214.96. This means that 100 euro in 1988 are equivalent to 314.96 euro in 2018. In other words, the purchasing power of €100 in 1988 equals €314.96 today. The average annual inflation rate has been 3.77%.

Inflation timeline in Portugal (1988-2018)

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 (1988-2018) 210.75%
Total Inflation* 214.96%
Annual inflation avg. (1988-2018) 3.85%
Annual inflation avg.* 3.77%
CPI 1988 32.98
CPI 2018 102.48
CPI today* 103.87
€1 in 1988 €3.11 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 30 years between 1988 and 2018 and the average inflation rate has been 3.7703%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)30 = €310.75

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 1988 was 32.98 and the CPI today is 103.87. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.48/32.98
= €310.75

Portugal inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1988 €3.15 euro today
€5 euro in 1988 €15.75 euro today
€10 euro in 1988 €31.5 euro today
€50 euro in 1988 €157.48 euro today
€100 euro in 1988 €314.96 euro today
€500 euro in 1988 €1,574.82 euro today
€1,000 euro in 1988 €3,149.64 euro today
€5,000 euro in 1988 €15,748.18 euro today
€10,000 euro in 1988 €31,496.35 euro today
€50,000 euro in 1988 €157,481.77 euro today
€100,000 euro in 1988 €314,963.53 euro today
€500,000 euro in 1988 €1,574,817.67 euro today
€1,000,000 euro in 1988 €3,149,635.35 euro today

Value of Euro in time (by year)

Period Value
1988 100
1989 111.96
1990 125.05
1991 142.55
1992 156.63
1993 170.61
1994 182.06
1995 189.96
1996 196.7
1997 202.97
1998 207.96
1999 214.57
2000 218.77
2001 227.21
2002 235.81
2003 245.18
2004 251
2005 257.24
2006 263.88
2007 270.5
2008 277.75
2009 279.92
2010 279.79
2011 286.82
2012 297.18
2013 302.89
2014 303.48
2015 302.4
2016 303.6
2017 306.26
2018 310.75
Today 314.96