Inflation calculator - Euro

€100 in 1999

€143.46 in 2020

The inflation rate in the eurozone between 1999 and 2020 was 43.46%, which translates into a total increase of €43.46. This means that 100 euro in 1999 are equivalent to 143.46 euro in 2020. In other words, the purchasing power of €100 in 1999 equals €143.46 in 2020. The average annual inflation rate between these periods was 1.73%.

Inflation timeline in the eurozone (1999 - 2020)

The following chart depicts the equivalence of €100 throughout the years due to 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.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1999-2020) 43.46%
Annual inflation avg. (1999-2020) 1.73%
CPI 1999 73.49
CPI 2020 105.43
€1 in 1999 €1.43 in 2020

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 with 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 2020 that equals €100 in 1999 in terms of purchasing power. There are 21 years between 1999 and 2020 and the average inflation rate was 1.7334%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.017334)21 = €143.461695 ≈ €143.46

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 1999 was 73.49 and in 2020 was 105.43. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
105.43/73.49
= €143.46

Eurozone inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1999 €1.43 euro in 2020
€5 euro in 1999 €7.17 euro in 2020
€10 euro in 1999 €14.35 euro in 2020
€50 euro in 1999 €71.73 euro in 2020
€100 euro in 1999 €143.46 euro in 2020
€500 euro in 1999 €717.31 euro in 2020
€1,000 euro in 1999 €1,434.62 euro in 2020
€5,000 euro in 1999 €7,173.08 euro in 2020
€10,000 euro in 1999 €14,346.17 euro in 2020
€50,000 euro in 1999 €71,730.85 euro in 2020
€100,000 euro in 1999 €143,461.7 euro in 2020
€500,000 euro in 1999 €717,308.48 euro in 2020
€1,000,000 euro in 1999 €1,434,616.95 euro in 2020

Value of Euro over time (by year)

Period Value
1999 100
2000 101.82
2001 104.44
2002 106.63
2003 109.09
2004 111.29
2005 113.92
2006 116.51
2007 118.75
2008 122.44
2009 124.47
2010 125.61
2011 128.4
2012 131.94
2013 134.86
2014 136
2015 135.77
2016 136.11
2017 137.61
2018 139.46
2019 141.58
2020 143.46