Value of 1995 Euro (Greece) today - Inflation Calculator

€100 in 1995

€211.86 in 2024

The inflation rate in Greece between 1995 and today has been 111.86%, which translates into a total increase of €111.86. This means that 100 euro in 1995 are equivalent to 211.86 euro in 2024. In other words, the purchasing power of €100 in 1995 equals €211.86 today. The average annual inflation rate between these periods has been 2.62%.

Inflation timeline in Greece (1995 - 2024)

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 1995-2023	102.79%
Cumulative inflation 1995-today	111.86%
Avg. Annual inflation 1995-2023	2.56%
CPI 1995	56.57
CPI 2023	114.73
CPI 2024-10 (latest official data)	119.67
CPI today	119.85

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:

Value_t =Value₀ ×

CPI_t/CPI₀

To obtain the values equivalent in buying power between 1995 and 2023, use the corresponding CPI values:

Value₂₀₂₃

=Value₁₉₉₅ ×

CPI₂₀₂₃/CPI₁₉₉₅

=€ 100 ×

114.73/56.57

≈€202.79

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.85:

Value_today

=Value₁₉₉₅ ×

CPI_today/CPI₁₉₉₅

=€ 100 ×

119.85/56.57

≈€211.86

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 28 years between 1995 and 2023 and the average inflation rate was 2.5572%. Therefore, we can resolve the formula like this:

Value₂₀₂₃

=PV × (1 + i)ⁿ

=€100 × (1 + 0.025572)²⁸

≈€202.79

Greece inflation - Conversion table

Initial Value		Equivalent value
€1 euro in 1995	→	€2.03 euro in 2023
€5 euro in 1995	→	€10.14 euro in 2023
€10 euro in 1995	→	€20.28 euro in 2023
€50 euro in 1995	→	€101.4 euro in 2023
€100 euro in 1995	→	€202.79 euro in 2023
€500 euro in 1995	→	€1,013.97 euro in 2023
€1,000 euro in 1995	→	€2,027.94 euro in 2023
€5,000 euro in 1995	→	€10,139.69 euro in 2023
€10,000 euro in 1995	→	€20,279.38 euro in 2023
€50,000 euro in 1995	→	€101,396.92 euro in 2023
€100,000 euro in 1995	→	€202,793.84 euro in 2023
€500,000 euro in 1995	→	€1,013,969.2 euro in 2023
€1,000,000 euro in 1995	→	€2,027,938.39 euro in 2023

Cumulative inflation From 1995	111.86%
Avg. annual inflation From 1995	2.62%
CPI 1995	56.57
CPI today	119.85

Value of Euro over time (by year)

Period	Value
1995	100
1996	108.19
1997	114.18
1998	119.63
1999	122.78
2000	126.65
2001	130.92
2002	135.67
2003	140.46
2004	144.54
2005	149.66
2006	154.44
2007	158.91
2008	165.51
2009	167.52
2010	175.41
2011	181.25
2012	183.97
2013	182.28
2014	179.89
2015	176.76
2016	175.31
2017	177.27
2018	178.38
2019	178.83
2020	176.6
2021	178.76
2022	196
2023	202.79
2024-10	211.54
Today	211.86