The Impact of Inflation on value of €8 from 2008 to 2024
In 1913 the price of €8 is approximately equal to €10.93 in 2024. Prices changed by 2.07% (or €0.18) per year on average during that period. It means that every purchase will cost you 1.37 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 €8 in 2008 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 €8 in 2008 Worth Today?
- Converted Amount: The €8 from 2008, adjusted for inflation, would be equivalent to €10.93 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 36.63%.
- Average Inflation Rate: The average annual inflation rate between 2008 and 2024 has been 2.07%.
| Cumulative price change | 36.63% |
| Average inflation rate | 2.07% |
| Converted amount | 10.93 |
| Price difference | 2.93 |
| CPI in 2008 | 91.35 |
| CPI in 2024 | 124.81 |
| Inflation in 2008 | 3.35% |
| Inflation in 2024 | 1.36% |
| 8 in 2008 | 10.93 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 2008: 91.35
- CPI in 2024: 124.81
Inflation Rate at 2008 and 2024
- Inflation in 2008: 3.35%
- Inflation in 2024: 1.36%
Price Difference
- The price difference between 2008 and 2024 is €2.93.
2008 to 2024 Inflation Calculator
To understand the transformation of €8 from 2008 into 2024 Euros, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 2008 | 91.35 | 3.35% | €8 |
| 2024 | 124.81 | 1.36% | €10.93 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of €8 in 2008
€8 in the year 2008 is now worth €10.93 in 2024, showing a substantial increase of €2.93 over the years. This change underscores how the average inflation rate of 2.07% annually has eroded the purchasing power of the Euro.