Value of 1987 Euro (Portugal) today

€100 in 1987

€383.32 in 2024

The inflation rate in Portugal between 1987 and today has been 283.32%, which translates into a total increase of €283.32. This means that 100 euro in 1987 are equivalent to 383.32 euro in 2024. In other words, the purchasing power of €100 in 1987 equals €383.32 today. The average annual inflation rate between these periods has been 3.7%.

Inflation timeline in Portugal (1987 - 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 1987-2023	270.32%
Cumulative inflation 1987-today	283.32%
Avg. Annual inflation 1987-2023	3.7%
CPI 1987	31.78
CPI 2023	117.7
CPI 2024-10 (latest official data)	121.65
CPI today	121.83

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 1987 and 2023, use the corresponding CPI values:

Value₂₀₂₃

=Value₁₉₈₇ ×

CPI₂₀₂₃/CPI₁₉₈₇

=€ 100 ×

117.7/31.78

≈€370.32

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.83:

Value_today

=Value₁₉₈₇ ×

CPI_today/CPI₁₉₈₇

=€ 100 ×

121.83/31.78

≈€383.32

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 36 years between 1987 and 2023 and the average inflation rate was 3.7036%. Therefore, we can resolve the formula like this:

Value₂₀₂₃

=PV × (1 + i)ⁿ

=€100 × (1 + 0.037036)³⁶

≈€370.32

Portugal inflation - Conversion table

Initial Value		Equivalent value
€1 euro in 1987	→	€3.7 euro in 2023
€5 euro in 1987	→	€18.52 euro in 2023
€10 euro in 1987	→	€37.03 euro in 2023
€50 euro in 1987	→	€185.16 euro in 2023
€100 euro in 1987	→	€370.32 euro in 2023
€500 euro in 1987	→	€1,851.62 euro in 2023
€1,000 euro in 1987	→	€3,703.25 euro in 2023
€5,000 euro in 1987	→	€18,516.25 euro in 2023
€10,000 euro in 1987	→	€37,032.49 euro in 2023
€50,000 euro in 1987	→	€185,162.46 euro in 2023
€100,000 euro in 1987	→	€370,324.92 euro in 2023
€500,000 euro in 1987	→	€1,851,624.62 euro in 2023
€1,000,000 euro in 1987	→	€3,703,249.24 euro in 2023

Cumulative inflation From 1987	283.32%
Avg. annual inflation From 1987	3.7%
CPI 1987	31.78
CPI today	121.83

Value of Euro over time (by year)

Period	Value
1987	100
1988	110.1
1989	124.07
1990	140.98
1991	157.69
1992	172.76
1993	184.48
1994	194.48
1995	202.69
1996	208.91
1997	213.79
1998	219.29
1999	224.43
2000	230.83
2001	240.92
2002	249.59
2003	257.62
2004	263.72
2005	269.72
2006	278.11
2007	284.93
2008	292.31
2009	289.86
2010	293.93
2011	304.67
2012	313.12
2013	313.97
2014	313.1
2015	314.63
2016	316.54
2017	320.87
2018	324.06
2019	325.16
2020	325.12
2021	329.23
2022	355.02
2023	370.32
2024-10	382.76
Today	383.32