Value of 1988 Euro (Spain) today

€100 in 1988
€276.44 in 2022

The inflation rate in Spain between 1988 and today has been 176.44%, which translates into a total increase of €176.44. This means that 100 euro in 1988 are equivalent to 276.44 euro in 2022. In other words, the purchasing power of €100 in 1988 equals €276.44 today. The average annual inflation rate between these periods has been 3.04%.

Inflation timeline in Spain (1988 - 2022)

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 1988-2021 150.52%
Cumulative inflation 1988-today 176.44%
Avg. Annual inflation 1988-2021 2.82%
CPI 1988 42.73
CPI 2021 107.05
CPI 2022-10 (latest official data) 117.62
CPI today 118.13

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 1988 and 2021, use the corresponding CPI values:

Value2021
=Value1988 ×
CPI2021/CPI1988
=€ 100 ×
107.05/42.73
€250.52

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.13:

Valuetoday
=Value1988 ×
CPItoday/CPI1988
=€ 100 ×
118.13/42.73
€276.44

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 33 years between 1988 and 2021 and the average inflation rate was 2.822%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.02822)33
€250.52

Spain inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1988 €2.51 euro in 2021
€5 euro in 1988 €12.53 euro in 2021
€10 euro in 1988 €25.05 euro in 2021
€50 euro in 1988 €125.26 euro in 2021
€100 euro in 1988 €250.52 euro in 2021
€500 euro in 1988 €1,252.58 euro in 2021
€1,000 euro in 1988 €2,505.16 euro in 2021
€5,000 euro in 1988 €12,525.78 euro in 2021
€10,000 euro in 1988 €25,051.56 euro in 2021
€50,000 euro in 1988 €125,257.79 euro in 2021
€100,000 euro in 1988 €250,515.58 euro in 2021
€500,000 euro in 1988 €1,252,577.92 euro in 2021
€1,000,000 euro in 1988 €2,505,155.83 euro in 2021
Cumulative inflation From 1988 176.44%
Avg. annual inflation From 1988 3.04%
CPI 1988 42.73
CPI today 118.13

Value of Euro over time (by year)

Period Value
1988 100
1989 106.79
1990 113.97
1991 120.73
1992 127.89
1993 133.73
1994 140.04
1995 146.58
1996 151.8
1997 154.79
1998 157.63
1999 161.27
2000 166.81
2001 172.8
2002 178.1
2003 183.51
2004 189.09
2005 195.46
2006 202.33
2007 207.97
2008 216.44
2009 215.82
2010 219.7
2011 226.73
2012 232.27
2013 235.54
2014 235.19
2015 234.01
2016 233.54
2017 238.1
2018 242.09
2019 243.79
2020 243
2021 250.52
2022-10 275.23
Today 276.44

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: