The Impact of Inflation on value of €1 from 2005 to 2024
In 1913 the price of €1 is approximately equal to €1.47 in 2024. Prices changed by 2.09% (or €0.02) per year on average during that period. It means that every purchase will cost you 1.47 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of €1 in 2005 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.
How Much is €1 in 2005 Worth Today?
- Converted Amount: The €1 from 2005, adjusted for inflation, would be equivalent to €1.47 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 47.46%.
- Average Inflation Rate: The average annual inflation rate between 2005 and 2024 has been 2.09%.
| Cumulative price change | 47.46% |
| Average inflation rate | 2.09% |
| Converted amount | 1.47 |
| Price difference | 0.47 |
| CPI in 2005 | 84.64 |
| CPI in 2024 | 124.81 |
| Inflation in 2005 | 2.20% |
| Inflation in 2024 | 1.36% |
| 1 in 2005 | 1.47 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 2005: 84.64
- CPI in 2024: 124.81
Inflation Rate at 2005 and 2024
- Inflation in 2005: 2.20%
- Inflation in 2024: 1.36%
Price Difference
- The price difference between 2005 and 2024 is €0.47.
2005 to 2024 Inflation Calculator
To understand the transformation of €1 from 2005 into 2024 Euros, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 2005 | 84.64 | 2.20% | €1 |
| 2024 | 124.81 | 1.36% | €1.47 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of €1 in 2005
€1 in the year 2005 is now worth €1.47 in 2024, showing a substantial increase of €0.47 over the years. This change underscores how the average inflation rate of 2.09% annually has eroded the purchasing power of the Euro.