# Spain Inflation Calculator

Result: €100 in 2008 → €134.99 in 2024

## Value of €100 from 2008 to 2024

Updated: July 11, 2024

€100 in 2008 is equivalent in purchasing power to about €134.99 today, an increase of €34.99 over 16 years. The euro had an average inflation rate of 1.89% per year between 2008 and today, producing a cumulative price increase of 34.99%.

This means that today's prices are 1.35 times as high as average prices since 2008, according to the OECD and the World Bank consumer price index for Spain. A euro today only buys 74.080% of what it could buy back then.

The inflation rate in 2008 was 4.08%. The current inflation rate compared to the end of last year is now 3.63%. If this number holds, €100 today will be equivalent in buying power to €103.63 next year.

 Cumulative price change 34.99% Average inflation rate 1.89% Converted amount€100 base €134.99 Price difference€100 base €34.99 CPI in 2008 92.492 CPI in 2024 124.856 Inflation in 2008 4.08% Inflation in 2024 3.63% €100 in 2008 €134.99 in 2024

Spain inflation since 2008
Annual Rate, the OECD and the World Bank CPI

## Buying power of €100 in 2008

This chart shows a calculation of buying power equivalence for €100 in 2008 (price index tracking began in 1954).

For example, if you started with €100, you would need to end with €134.99 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €134.99 over time, that means that the "real value" of a single Spanish 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 2008 dollars, the chart below shows how €100 is worth less over 16 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:

Euro inflation: 2008-2024
YearEuro ValueInflation Rate
2008€100.004.08%
2009€99.71-0.29%
2010€101.511.80%
2011€104.753.20%
2012€107.312.45%
2013€108.831.41%
2014€108.66-0.15%
2015€108.12-0.50%
2016€107.90-0.20%
2017€110.011.96%
2018€111.851.67%
2019€112.630.70%
2020€112.27-0.32%
2021€115.743.09%
2022€125.458.39%
2023€130.804.27%
2024€134.993.20%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 10 more rows

This conversion table shows various other 2008 amounts in today's euros, based on the 34.99% change in prices:

Conversion: 2008 euros today
Initial valueEquivalent value
€1 euro in 2008€1.35 euros today
€5 euros in 2008€6.75 euros today
€10 euros in 2008€13.50 euros today
€50 euros in 2008€67.50 euros today
€100 euros in 2008€134.99 euros today
€500 euros in 2008€674.95 euros today
€1,000 euros in 2008€1,349.91 euros today
€5,000 euros in 2008€6,749.53 euros today
€10,000 euros in 2008€13,499.05 euros today
€50,000 euros in 2008€67,495.26 euros today
€100,000 euros in 2008€134,990.52 euros today
€500,000 euros in 2008€674,952.59 euros today
€1,000,000 euros in 2008€1,349,905.18 euros today

## How to calculate inflation rate for €100 since 2008

Our calculations use the following inflation rate formula to calculate the change in value between 2008 and today:

CPI today CPI in 2008
×
2008 EUR value
=
Today's value

Then plug in historical CPI values. The Spanish CPI was 92.49245 in the year 2008 and 124.85603724852379 in 2024:

124.8560372485237992.49245
×
€100
=
€134.99

€100 in 2008 has the same "purchasing power" or "buying power" as €134.99 in 2024.

To get the total inflation rate for the 16 years between 2008 and 2024, we use the following formula:

CPI in 2024 - CPI in 2008CPI in 2008
×
100
=
Cumulative inflation rate (16 years)

Plugging in the values to this equation, we get:

124.85603724852379 - 92.4924592.49245
×
100
=
35%

## Data source & citation

You may use the following MLA citation for this page: “€100 in 2008 → 2024 | Spain Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Aug. 2024, https://www.officialdata.org/spain/inflation/2008?amount=100.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.