Buying power of €0.70 in 1962

This chart shows a calculation of buying power equivalence for €0.70 in 1962 (price index tracking began in 1955).

For example, if you started with €0.70, you would need to end with €3.72 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €0.70 is equivalent to €3.72 over time, that means that the "real value" of a single German euro decreases over time. In other words, a euro will pay for fewer items at the store.

This effect explains how inflation erodes the value of a euro over time. By calculating the value in 1962 dollars, the chart below shows how €0.70 is worth less over 62 years.

According to the OECD and the World Bank, each of these EUR amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 1962 amounts in today's euros, based on the 430.72% change in prices:

How to calculate inflation rate for €0.70 since 1962

Our calculations use the following inflation rate formula to calculate the change in value between 1962 and today:

Then plug in historical CPI values. The German CPI was 24.18694 in the year 1962 and 128.36520062440874 in 2024:

€0.70 in 1962 has the same "purchasing power" or "buying power" as €3.72 in 2024.

To get the total inflation rate for the 62 years between 1962 and 2024, we use the following formula:

Plugging in the values to this equation, we get:

Data source & citation

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