The Impact of Inflation on value of €5 from 2018 to 2024
In 1913 the price of €5 is approximately equal to €6.03 in 2024. Prices changed by 2.99% (or €0.17) per year on average during that period. It means that every purchase will cost you 1.21 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 2018 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 2018 Worth Today?
- Converted Amount: The €5 from 2018, adjusted for inflation, would be equivalent to €6.03 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 20.53%.
- Average Inflation Rate: The average annual inflation rate between 2018 and 2024 has been 2.99%.
| Cumulative price change | 20.53% |
| Average inflation rate | 2.99% |
| Converted amount | 6.03 |
| Price difference | 1.03 |
| CPI in 2018 | 103.55 |
| CPI in 2024 | 124.81 |
| Inflation in 2018 | 1.75% |
| Inflation in 2024 | 1.36% |
| 5 in 2018 | 6.03 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 2018: 103.55
- CPI in 2024: 124.81
Inflation Rate at 2018 and 2024
- Inflation in 2018: 1.75%
- Inflation in 2024: 1.36%
Price Difference
- The price difference between 2018 and 2024 is €1.03.
2018 to 2024 Inflation Calculator
To understand the transformation of €5 from 2018 into 2024 Euros, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 2018 | 103.55 | 1.75% | €5 |
| 2024 | 124.81 | 1.36% | €6.03 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of €5 in 2018
€5 in the year 2018 is now worth €6.03 in 2024, showing a substantial increase of €1.03 over the years. This change underscores how the average inflation rate of 2.99% annually has eroded the purchasing power of the Euro.