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 1956
€5,438.76 in 2021

The inflation rate in Spain between 1956 and 2021 was 5,338.76%, which translates into a total increase of €5,338.76. This means that 100 euro in 1956 are equivalent to 5,438.76 euro in 2021. In other words, the purchasing power of €100 in 1956 equals €5,438.76 in 2021. The average annual inflation rate between these periods was 6.34%.

Inflation timeline in Spain (1956 - 2021)

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.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 1956 to 2021 5,338.76%
Avg. Annual inflation from 1956 to 2021 6.34%
CPI 1956 1.97
CPI 2021 107.05

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 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 1956 and 2021, use the corresponding CPI values:

Value2021
=Value1956 ×
CPI2021/CPI1956
=€ 100 ×
107.05/1.97
€5,438.76

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 65 years between 1956 and 2021 and the average inflation rate was 6.3408%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.063408)65
€5,438.76

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1956 €54.39 euro in 2021
€5 euro in 1956 €271.94 euro in 2021
€10 euro in 1956 €543.88 euro in 2021
€50 euro in 1956 €2,719.38 euro in 2021
€100 euro in 1956 €5,438.76 euro in 2021
€500 euro in 1956 €27,193.82 euro in 2021
€1,000 euro in 1956 €54,387.64 euro in 2021
€5,000 euro in 1956 €271,938.19 euro in 2021
€10,000 euro in 1956 €543,876.38 euro in 2021
€50,000 euro in 1956 €2,719,381.89 euro in 2021
€100,000 euro in 1956 €5,438,763.79 euro in 2021
€500,000 euro in 1956 €27,193,818.94 euro in 2021
€1,000,000 euro in 1956 €54,387,637.89 euro in 2021
Cumulative inflation 1956-2021 5,338.76%
Avg. annual inflation 1956-2021 6.34%
CPI 1956 1.97
CPI 2021 107.05

Value of Euro over time (by year)

Period Value
1956 100
1957 110.77
1958 125.59
1959 134.77
1960 136.36
1961 137.46
1962 145.31
1963 158.01
1964 169.04
1965 191.38
1966 203.32
1967 216.32
1968 227.03
1969 231.94
1970 245.23
1971 265.43
1972 287.39
1973 320.2
1974 370.41
1975 433.2
1976 509.56
1977 634.59
1978 760.07
1979 879.1
1980 1,015.91
1981 1,163.72
1982 1,331.47
1983 1,493.56
1984 1,662.04
1985 1,808.54
1986 1,967.6
1987 2,070.86
1988 2,171.03
1989 2,318.47
1990 2,474.32
1991 2,621.15
1992 2,776.44
1993 2,903.3
1994 3,040.28
1995 3,182.38
1996 3,295.64
1997 3,360.6
1998 3,422.24
1999 3,501.31
2000 3,621.52
2001 3,751.53
2002 3,866.54
2003 3,984.04
2004 4,105.13
2005 4,243.42
2006 4,392.6
2007 4,515.01
2008 4,699.01
2009 4,685.49
2010 4,769.82
2011 4,922.27
2012 5,042.68
2013 5,113.71
2014 5,105.98
2015 5,080.43
2016 5,070.14
2017 5,169.31
2018 5,255.9
2019 5,292.67
2020 5,275.58
2021 5,438.76

All available years

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

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 |

Other currencies: