Value of 1997 Euro today

€100 in 1997

€145.45 in 2018

The inflation rate in the eurozone between 1997 and today has been 45.45%, which translates into a total increase of €45.45. This means that 100 euro in 1997 are equivalent to 145.45 euro in 2018. In other words, the purchasing power of €100 in 1997 equals €145.45 today. The average annual inflation rate has been 1.72%.

Inflation timeline in the eurozone (1997-2018)

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 (1997-2018) 42.93%
Total Inflation* 45.45%
Annual inflation avg. (1997-2018) 1.72%
Annual inflation avg.* 1.72%
CPI 1997 71.84
CPI 2018 102.68
CPI today* 104.49
€1 in 1997 €1.43 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 21 years between 1997 and 2018 and the average inflation rate has been 1.7176%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)21 = €142.93

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 1997 was 71.84 and the CPI today is 104.49. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.68/71.84
= €142.93

Eurozone inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1997 €1.45 euro today
€5 euro in 1997 €7.27 euro today
€10 euro in 1997 €14.54 euro today
€50 euro in 1997 €72.72 euro today
€100 euro in 1997 €145.45 euro today
€500 euro in 1997 €727.25 euro today
€1,000 euro in 1997 €1,454.49 euro today
€5,000 euro in 1997 €7,272.47 euro today
€10,000 euro in 1997 €14,544.94 euro today
€50,000 euro in 1997 €72,724.72 euro today
€100,000 euro in 1997 €145,449.45 euro today
€500,000 euro in 1997 €727,247.23 euro today
€1,000,000 euro in 1997 €1,454,494.45 euro today

Value of Euro in time (by year)

Period Value
1997 100
1998 101.6
1999 102.46
2000 104.33
2001 107
2002 109.24
2003 111.78
2004 114.03
2005 116.72
2006 119.38
2007 121.67
2008 125.46
2009 127.52
2010 128.7
2011 131.56
2012 135.18
2013 138.18
2014 139.35
2015 139.11
2016 139.43
2017 141.02
2018 142.93
Today 145.45