Value of 1958 Euro (Austria) today

€100 in 1958
€858.9 in 2024

The inflation rate in Austria between 1958 and today has been 758.9%, which translates into a total increase of €758.9. This means that 100 euro in 1958 are equivalent to 858.9 euro in 2024. In other words, the purchasing power of €100 in 1958 equals €858.9 today. The average annual inflation rate between these periods has been 3.31%.

Inflation timeline in Austria (1958 - 2024)

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. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1958-2023 732.16%
Cumulative inflation 1958-today 758.9%
Avg. Annual inflation 1958-2023 3.31%
CPI 1958 15.63
CPI 2023 130.05
CPI 2024-05 (latest official data) 133.98
CPI today 134.23

How to calculate today's value of money after inflation?

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 1958 and 2023, use the corresponding CPI values:

Value2023
=Value1958 ×
CPI2023/CPI1958
=€ 100 ×
130.05/15.63
€832.16

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 134.23:

Valuetoday
=Value1958 ×
CPItoday/CPI1958
=€ 100 ×
134.23/15.63
€858.9

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 65 years between 1958 and 2023 and the average inflation rate was 3.3135%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.033135)65
€832.16

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1958 €8.32 euro in 2023
€5 euro in 1958 €41.61 euro in 2023
€10 euro in 1958 €83.22 euro in 2023
€50 euro in 1958 €416.08 euro in 2023
€100 euro in 1958 €832.16 euro in 2023
€500 euro in 1958 €4,160.78 euro in 2023
€1,000 euro in 1958 €8,321.56 euro in 2023
€5,000 euro in 1958 €41,607.82 euro in 2023
€10,000 euro in 1958 €83,215.64 euro in 2023
€50,000 euro in 1958 €416,078.18 euro in 2023
€100,000 euro in 1958 €832,156.36 euro in 2023
€500,000 euro in 1958 €4,160,781.79 euro in 2023
€1,000,000 euro in 1958 €8,321,563.59 euro in 2023
Cumulative inflation From 1958 758.9%
Avg. annual inflation From 1958 3.31%
CPI 1958 15.63
CPI today 134.23

Value of Euro over time (by year)

Period Value
1958 100
1959 101.08
1960 103.04
1961 106.69
1962 111.37
1963 114.38
1964 118.81
1965 124.67
1966 127.23
1967 132.29
1968 135.94
1969 140.13
1970 146.26
1971 153.14
1972 162.87
1973 175.14
1974 191.81
1975 208.01
1976 223.24
1977 235.5
1978 243.92
1979 252.96
1980 268.97
1981 287.27
1982 302.88
1983 313
1984 330.72
1985 341.27
1986 347.09
1987 351.96
1988 358.7
1989 367.91
1990 379.91
1991 392.59
1992 408.38
1993 423.21
1994 435.71
1995 445.48
1996 453.78
1997 459.7
1998 463.94
1999 466.58
2000 477.52
2001 490.18
2002 499.05
2003 505.82
2004 516.24
2005 528.11
2006 535.72
2007 547.34
2008 564.94
2009 567.8
2010 578.1
2011 597.1
2012 611.94
2013 624.18
2014 634.21
2015 639.89
2016 645.6
2017 659.03
2018 672.2
2019 682.49
2020 691.93
2021 711.07
2022 771.84
2023 832.16
2024-05 857.3
Today 858.9

All available years

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

1958 | 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: