# Inflation calculator - Euro (Austria)

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

€100 in 1959
€823.31 in 2023

The inflation rate in Austria between 1959 and 2023 was 723.31%, which translates into a total increase of €723.31. This means that 100 euro in 1959 are equivalent to 823.31 euro in 2023. In other words, the purchasing power of €100 in 1959 equals €823.31 in 2023. The average annual inflation rate between these periods was 3.35%.

## Inflation timeline in Austria (1959 - 2023)

The following chart depicts the equivalence of €100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (EUR) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 1959 to 2023 723.31%
Avg. Annual inflation from 1959 to 2023 3.35%
CPI 1959 15.8
CPI 2023 130.05

## How to calculate the time value of money with inflation data?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

### Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1959 and 2023, use the corresponding CPI values:

Value2023
=Value1959 ×
CPI2023/CPI1959
=€ 100 ×
130.05/15.8
€823.31

### Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

• FV: Future Value
• PV: Present Value
• i: Interest rate (inflation)
• n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are €100 worth today. There are 64 years between 1959 and 2023 and the average inflation rate was 3.3488%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.033488)64
€823.31

## Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1959 €8.23 euro in 2023
€5 euro in 1959 €41.17 euro in 2023
€10 euro in 1959 €82.33 euro in 2023
€50 euro in 1959 €411.65 euro in 2023
€100 euro in 1959 €823.31 euro in 2023
€500 euro in 1959 €4,116.53 euro in 2023
€1,000 euro in 1959 €8,233.06 euro in 2023
€5,000 euro in 1959 €41,165.28 euro in 2023
€10,000 euro in 1959 €82,330.57 euro in 2023
€50,000 euro in 1959 €411,652.84 euro in 2023
€100,000 euro in 1959 €823,305.67 euro in 2023
€500,000 euro in 1959 €4,116,528.36 euro in 2023
€1,000,000 euro in 1959 €8,233,056.72 euro in 2023
 Cumulative inflation 1959-2023 723.31% Avg. annual inflation 1959-2023 3.35% CPI 1959 15.8 CPI 2023 130.05

### Value of Euro over time (by year)

Period Value
1959 100
1960 101.95
1961 105.56
1962 110.18
1963 113.17
1964 117.54
1965 123.34
1966 125.88
1967 130.88
1968 134.5
1969 138.64
1970 144.7
1971 151.51
1972 161.14
1973 173.27
1974 189.77
1975 205.8
1976 220.86
1977 233
1978 241.32
1979 250.27
1980 266.11
1981 284.21
1982 299.66
1983 309.67
1984 327.21
1985 337.64
1986 343.4
1987 348.22
1988 354.89
1989 364
1990 375.87
1991 388.42
1992 404.04
1993 418.71
1994 431.08
1995 440.75
1996 448.95
1997 454.81
1998 459.01
1999 461.62
2000 472.44
2001 484.96
2002 493.74
2003 500.44
2004 510.75
2005 522.49
2006 530.03
2007 541.52
2008 558.93
2009 561.76
2010 571.95
2011 590.75
2012 605.43
2013 617.54
2014 627.46
2015 633.09
2016 638.73
2017 652.02
2018 665.05
2019 675.24
2020 684.57
2021 703.51
2022 763.63
2023 823.31

All available years

Today's value of euro (Austria) by year:

1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

Other currencies: