The Impact of Inflation on value of €5 from 2013 to 2024
In 1913 the price of €5 is approximately equal to €6.28 in 2024. Prices changed by 2.06% (or €0.12) per year on average during that period. It means that every purchase will cost you 1.26 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 €5 in 2013 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 €5 in 2013 Worth Today?
- Converted Amount: The €5 from 2013, adjusted for inflation, would be equivalent to €6.28 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 25.58%.
- Average Inflation Rate: The average annual inflation rate between 2013 and 2024 has been 2.06%.
| Cumulative price change | 25.58% |
| Average inflation rate | 2.06% |
| Converted amount | 6.28 |
| Price difference | 1.28 |
| CPI in 2013 | 99.39 |
| CPI in 2024 | 124.81 |
| Inflation in 2013 | 1.36% |
| Inflation in 2024 | 1.36% |
| 5 in 2013 | 6.28 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 2013: 99.39
- CPI in 2024: 124.81
Inflation Rate at 2013 and 2024
- Inflation in 2013: 1.36%
- Inflation in 2024: 1.36%
Price Difference
- The price difference between 2013 and 2024 is €1.28.
2013 to 2024 Inflation Calculator
To understand the transformation of €5 from 2013 into 2024 Euros, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 2013 | 99.39 | 1.36% | €5 |
| 2024 | 124.81 | 1.36% | €6.28 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of €5 in 2013
€5 in the year 2013 is now worth €6.28 in 2024, showing a substantial increase of €1.28 over the years. This change underscores how the average inflation rate of 2.06% annually has eroded the purchasing power of the Euro.