Result: €100 in 2020 → €120.24 in 2024
Value of €100 from 2020 to 2024
Updated: February 12, 2025€100 in 2020 is equivalent in purchasing power to about €120.24 today, an increase of €20.24 over 4 years. The euro had an average inflation rate of 4.72% per year between 2020 and today, producing a cumulative price increase of 20.24%.
This means that today's prices are 1.20 times as high as average prices since 2020, according to the OECD and the World Bank consumer price index for Spain. A euro today only buys 83.167% of what it could buy back then.
The inflation rate in 2020 was -0.32%. 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 | 20.24% |
| Average inflation rate | 4.72% |
| Converted amount €100 base | €120.24 |
| Price difference €100 base | €20.24 |
| CPI in 2020 | 103.841 |
| CPI in 2024 | 124.856 |
| Inflation in 2020 | -0.32% |
| Inflation in 2024 | 3.63% |
| €100 in 2020 | €120.24 in 2024 |
Buying power of €100 in 2020
This chart shows a calculation of buying power equivalence for €100 in 2020 (price index tracking began in 1954).
For example, if you started with €100, you would need to end with €120.24 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When €100 is equivalent to €120.24 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 2020 dollars, the chart below shows how €100 is worth less over 4 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 2020 amounts in today's euros, based on the 20.24% change in prices:
| Initial value | Equivalent value |
|---|---|
| €1 euro in 2020 | €1.20 euros today |
| €5 euros in 2020 | €6.01 euros today |
| €10 euros in 2020 | €12.02 euros today |
| €50 euros in 2020 | €60.12 euros today |
| €100 euros in 2020 | €120.24 euros today |
| €500 euros in 2020 | €601.19 euros today |
| €1,000 euros in 2020 | €1,202.37 euros today |
| €5,000 euros in 2020 | €6,011.87 euros today |
| €10,000 euros in 2020 | €12,023.75 euros today |
| €50,000 euros in 2020 | €60,118.74 euros today |
| €100,000 euros in 2020 | €120,237.48 euros today |
| €500,000 euros in 2020 | €601,187.38 euros today |
| €1,000,000 euros in 2020 | €1,202,374.75 euros today |
How to calculate inflation rate for €100 since 2020
Our calculations use the following inflation rate formula to calculate the change in value between 2020 and today:
CPI today CPI in 2020
×
2020 EUR value
=
Today's value
Then plug in historical CPI values. The Spanish CPI was 103.8412 in the year 2020 and 124.85603724852379 in 2024:
124.85603724852379103.8412
×
€100
=
€120.24
€100 in 2020 has the same "purchasing power" or "buying power" as €120.24 in 2024.
To get the total inflation rate for the 4 years between 2020 and 2024, we use the following formula:
CPI in 2024 - CPI in 2020CPI in 2020
×
100
=
Cumulative inflation rate (4 years)
Plugging in the values to this equation, we get:
124.85603724852379 - 103.8412103.8412
×
100
=
20%
Data source & citation
You may use the following MLA citation for this page: “€100 in 2020 → 2024 | Spain Inflation Calculator.” Official Inflation Data, Alioth Finance, 12 Mar. 2025, https://www.officialdata.org/spain/inflation/2020?amount=100.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 20.24% |
| Average inflation rate | 4.72% |
| Converted amount €100 base | €120.24 |
| Price difference €100 base | €20.24 |
| CPI in 2020 | 103.841 |
| CPI in 2024 | 124.856 |
| Inflation in 2020 | -0.32% |
| Inflation in 2024 | 3.63% |
| €100 in 2020 | €120.24 in 2024 |