Value of 1992 Euro (Portugal) today

€100 in 1992

€221.85 in 2024

The inflation rate in Portugal between 1992 and today has been 121.85%, which translates into a total increase of €121.85. This means that 100 euro in 1992 are equivalent to 221.85 euro in 2024. In other words, the purchasing power of €100 in 1992 equals €221.85 today. The average annual inflation rate between these periods has been 2.52%.

Inflation timeline in Portugal (1992 - 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 1992-2023	114.36%
Cumulative inflation 1992-today	121.85%
Avg. Annual inflation 1992-2023	2.49%
CPI 1992	54.91
CPI 2023	117.7
CPI 2024-10 (latest official data)	121.65
CPI today	121.82

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 1992 and 2023, use the corresponding CPI values:

Value₂₀₂₃

=Value₁₉₉₂ ×

CPI₂₀₂₃/CPI₁₉₉₂

=€ 100 ×

117.7/54.91

≈€214.36

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.82:

Value_today

=Value₁₉₉₂ ×

CPI_today/CPI₁₉₉₂

=€ 100 ×

121.82/54.91

≈€221.85

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 31 years between 1992 and 2023 and the average inflation rate was 2.4901%. Therefore, we can resolve the formula like this:

Value₂₀₂₃

=PV × (1 + i)ⁿ

=€100 × (1 + 0.024901)³¹

≈€214.36

Portugal inflation - Conversion table

Initial Value		Equivalent value
€1 euro in 1992	→	€2.14 euro in 2023
€5 euro in 1992	→	€10.72 euro in 2023
€10 euro in 1992	→	€21.44 euro in 2023
€50 euro in 1992	→	€107.18 euro in 2023
€100 euro in 1992	→	€214.36 euro in 2023
€500 euro in 1992	→	€1,071.79 euro in 2023
€1,000 euro in 1992	→	€2,143.58 euro in 2023
€5,000 euro in 1992	→	€10,717.9 euro in 2023
€10,000 euro in 1992	→	€21,435.81 euro in 2023
€50,000 euro in 1992	→	€107,179.03 euro in 2023
€100,000 euro in 1992	→	€214,358.07 euro in 2023
€500,000 euro in 1992	→	€1,071,790.34 euro in 2023
€1,000,000 euro in 1992	→	€2,143,580.68 euro in 2023

Cumulative inflation From 1992	121.85%
Avg. annual inflation From 1992	2.52%
CPI 1992	54.91
CPI today	121.82

Value of Euro over time (by year)

Period	Value
1992	100
1993	106.78
1994	112.57
1995	117.33
1996	120.93
1997	123.75
1998	126.94
1999	129.91
2000	133.61
2001	139.45
2002	144.47
2003	149.12
2004	152.65
2005	156.13
2006	160.98
2007	164.93
2008	169.2
2009	167.78
2010	170.14
2011	176.35
2012	181.24
2013	181.74
2014	181.23
2015	182.12
2016	183.23
2017	185.73
2018	187.58
2019	188.21
2020	188.19
2021	190.57
2022	205.5
2023	214.36
2024-10	221.55
Today	221.85