The cumulative inflation rate in the Eurozone between 2009 and 2023 was 34.38%, meaning that overall prices were 1.34 times higher than they were in 2009. In other words, the purchasing power of €100 in 2009 was equivalent to €134.38 in 2023. The average annual inflation rate over this period was 2.13%.
The chart below shows how the value of €100 changes over time when adjusted for inflation, based on Consumer Price Index (CPI) data. All values are equivalent in terms of purchasing power, indicating how much money would be needed each year to buy the same goods or services.
All calculations are performed in euro with six-decimal precision, though displayed values are rounded to two decimals for readability. Inflation figures are sourced from official government and international reports released monthly.
The following table contains relevant indicators:
| Indicator | Value |
|---|---|
| Cumulative inflation from 2009 to 2023 | 34.38% |
| Avg. Annual inflation from 2009 to 2023 | 2.13% |
| CPI 2009 | 91.66 |
| CPI 2023 | 123.17 |
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.
When we have both the start and end years, we can use the following formula:
To obtain the values equivalent in buying power between 2009 and 2023, use the corresponding CPI values:
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:
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 14 years between 2009 and 2023 and the average inflation rate was 2.133%. Therefore, we can resolve the formula like this:
| Initial Value | Equivalent value | |
|---|---|---|
| €1 euro in 2009 | → | €1.34 euro in 2023 |
| €5 euro in 2009 | → | €6.72 euro in 2023 |
| €10 euro in 2009 | → | €13.44 euro in 2023 |
| €50 euro in 2009 | → | €67.19 euro in 2023 |
| €100 euro in 2009 | → | €134.38 euro in 2023 |
| €500 euro in 2009 | → | €671.89 euro in 2023 |
| €1,000 euro in 2009 | → | €1,343.77 euro in 2023 |
| €5,000 euro in 2009 | → | €6,718.85 euro in 2023 |
| €10,000 euro in 2009 | → | €13,437.7 euro in 2023 |
| €50,000 euro in 2009 | → | €67,188.52 euro in 2023 |
| €100,000 euro in 2009 | → | €134,377.05 euro in 2023 |
| €500,000 euro in 2009 | → | €671,885.23 euro in 2023 |
| €1,000,000 euro in 2009 | → | €1,343,770.46 euro in 2023 |
| Cumulative inflation 2009-2023 | 34.38% |
| Avg. annual inflation 2009-2023 | 2.13% |
| CPI 2009 | 91.66 |
| CPI 2023 | 123.17 |
| Period | Value |
|---|---|
| 2009 | 100 |
| 2010 | 101.6 |
| 2011 | 104.36 |
| 2012 | 106.98 |
| 2013 | 108.43 |
| 2014 | 108.89 |
| 2015 | 109.1 |
| 2016 | 109.35 |
| 2017 | 111.03 |
| 2018 | 112.97 |
| 2019 | 114.32 |
| 2020 | 114.61 |
| 2021 | 117.58 |
| 2022 | 127.46 |
| 2023 | 134.38 |
All available years
Today's value of euro by year:
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 | 2022 | 2023 | 2024 |
Other currencies: