The Impact of Inflation on value of €1 from 2012 to 2024
In 1913 the price of €1 is approximately equal to €1.27 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 1.27 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 2012 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 2012 Worth Today?
- Converted Amount: The €1 from 2012, adjusted for inflation, would be equivalent to €1.27 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 27.28%.
- Average Inflation Rate: The average annual inflation rate between 2012 and 2024 has been 2.09%.
Cumulative price change | 27.28% |
Average inflation rate | 2.09% |
Converted amount | 1.27 |
Price difference | 0.27 |
CPI in 2012 | 98.06 |
CPI in 2024 | 124.81 |
Inflation in 2012 | 2.51% |
Inflation in 2024 | 1.36% |
1 in 2012 | 1.27 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 2012: 98.06
- CPI in 2024: 124.81
Inflation Rate at 2012 and 2024
- Inflation in 2012: 2.51%
- Inflation in 2024: 1.36%
Price Difference
- The price difference between 2012 and 2024 is €0.27.
2012 to 2024 Inflation Calculator
To understand the transformation of €1 from 2012 into 2024 Euros, consider the following table:
Year | CPI | Inflation rate | Value in 2024 |
---|---|---|---|
2012 | 98.06 | 2.51% | €1 |
2024 | 124.81 | 1.36% | €1.27 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of €1 in 2012
€1 in the year 2012 is now worth €1.27 in 2024, showing a substantial increase of €0.27 over the years. This change underscores how the average inflation rate of 2.09% annually has eroded the purchasing power of the Euro.