The inflation rate in the Eurozone between 2005 and 2014 was 17.92%, which translates into a total increase of €17.92. This means that 100 euro in 2005 are equivalent to 117.92 euro in 2014. In other words, the purchasing power of €100 in 2005 equals €117.92 in 2014. The average annual inflation rate between these periods was 1.85%.
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.
The following table contains relevant indicators:
| Indicator | Value |
|---|---|
| Cumulative inflation from 2005 to 2014 | 17.92% |
| Avg. Annual inflation from 2005 to 2014 | 1.85% |
| CPI 2005 | 84.64 |
| CPI 2014 | 99.81 |
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 2005 and 2014, 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 9 years between 2005 and 2014 and the average inflation rate was 1.8487%. Therefore, we can resolve the formula like this:
| Initial Value | Equivalent value | |
|---|---|---|
| €1 euro in 2005 | → | €1.18 euro in 2014 |
| €5 euro in 2005 | → | €5.9 euro in 2014 |
| €10 euro in 2005 | → | €11.79 euro in 2014 |
| €50 euro in 2005 | → | €58.96 euro in 2014 |
| €100 euro in 2005 | → | €117.92 euro in 2014 |
| €500 euro in 2005 | → | €589.61 euro in 2014 |
| €1,000 euro in 2005 | → | €1,179.23 euro in 2014 |
| €5,000 euro in 2005 | → | €5,896.15 euro in 2014 |
| €10,000 euro in 2005 | → | €11,792.3 euro in 2014 |
| €50,000 euro in 2005 | → | €58,961.48 euro in 2014 |
| €100,000 euro in 2005 | → | €117,922.97 euro in 2014 |
| €500,000 euro in 2005 | → | €589,614.84 euro in 2014 |
| €1,000,000 euro in 2005 | → | €1,179,229.68 euro in 2014 |
| Cumulative inflation 2005-2014 | 17.92% |
| Avg. annual inflation 2005-2014 | 1.85% |
| CPI 2005 | 84.64 |
| CPI 2014 | 99.81 |
| Period | Value |
|---|---|
| 2005 | 100 |
| 2006 | 102.21 |
| 2007 | 104.43 |
| 2008 | 107.93 |
| 2009 | 108.29 |
| 2010 | 110.03 |
| 2011 | 113.02 |
| 2012 | 115.86 |
| 2013 | 117.43 |
| 2014 | 117.92 |
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 |
Other currencies: