Inflation calculator - Euro (Spain)

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

€100 in 1955

€5,659.07 in 2018

The inflation rate in Spain between 1955 and 2018 was 5,559.07%, which translates into a total increase of €5,559.07. This means that 100 euro in 1955 are equivalent to 5,659.07 euro in 2018. In other words, the purchasing power of €100 in 1955 equals €5,659.07 in 2018. The average annual inflation rate between these periods was 6.62%.

Inflation timeline in Spain (1955 - 2018)

The following chart ilustrates the equivalence of euro (Spain) throughout the years due to compound 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.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1955-2018) 5,559.07%
Annual inflation avg. (1955-2018) 6.62%
CPI 1955 1.82
CPI 2018 102.97
€1 in 1955 €56.59 in 2018

How to calculate the time value of money with inflation data?

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, the future value is the amount in 2018 that equals €100 in 1955 in terms of purchasing power. There are 63 years between 1955 and 2018 and the average inflation rate was 6.6157%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.066157)63 = €5,659.071587 ≈ €5,659.07

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 1955 was 1.82 and in 2018 was 102.97. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.97/1.82
= €5,659.07

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1955 €56.59 euro in 2018
€5 euro in 1955 €282.95 euro in 2018
€10 euro in 1955 €565.91 euro in 2018
€50 euro in 1955 €2,829.54 euro in 2018
€100 euro in 1955 €5,659.07 euro in 2018
€500 euro in 1955 €28,295.36 euro in 2018
€1,000 euro in 1955 €56,590.72 euro in 2018
€5,000 euro in 1955 €282,953.58 euro in 2018
€10,000 euro in 1955 €565,907.16 euro in 2018
€50,000 euro in 1955 €2,829,535.79 euro in 2018
€100,000 euro in 1955 €5,659,071.59 euro in 2018
€500,000 euro in 1955 €28,295,357.94 euro in 2018
€1,000,000 euro in 1955 €56,590,715.87 euro in 2018

Value of Euro in time (by year)

Period Value
1955 100
1956 104.22
1957 113.01
1958 127.96
1959 143.15
1960 148.59
1961 149.49
1962 150.93
1963 165.88
1964 174.97
1965 197.13
1966 215.61
1967 226.94
1968 241.84
1969 248.8
1970 257.33
1971 274.76
1972 301.26
1973 323.39
1974 369.32
1975 435.35
1976 496.71
1977 594.92
1978 751.91
1979 876.29
1980 1,012.92
1981 1,167.02
1982 1,335.14
1983 1,522.16
1984 1,708.19
1985 1,862.38
1986 2,014.68
1987 2,180.92
1988 2,281.22
1989 2,414.53
1990 2,580.86
1991 2,749.85
1992 2,901.85
1993 3,057.03
1994 3,207.6
1995 3,346.71
1996 3,491.27
1997 3,603.38
1998 3,675.99
1999 3,727.66
2000 3,836.42
2001 3,988.22
2002 4,096.2
2003 4,259.93
2004 4,370.88
2005 4,511.94
2006 4,680.48
2007 4,805.25
2008 5,008.07
2009 5,079.8
2010 5,120.17
2011 5,273.18
2012 5,398.56
2013 5,553.39
2014 5,567.37
2015 5,509.4
2016 5,510.33
2017 5,596.82
2018 5,659.07