Value of 1960 Euro (Austria) today

€100 in 1960
€762.67 in 2022

The inflation rate in Austria between 1960 and today has been 662.67%, which translates into a total increase of €662.67. This means that 100 euro in 1960 are equivalent to 762.67 euro in 2022. In other words, the purchasing power of €100 in 1960 equals €762.67 today. The average annual inflation rate between these periods has been 3.33%.

Inflation timeline in Austria (1960 - 2022)

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 1960-2021 590.08%
Cumulative inflation 1960-today 662.67%
Avg. Annual inflation 1960-2021 3.22%
CPI 1960 16.1
CPI 2021 111.12
CPI 2022-08 (latest official data) 121.76
CPI today 122.81

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 1960 and 2021, use the corresponding CPI values:

Value2021
=Value1960 ×
CPI2021/CPI1960
=€ 100 ×
111.12/16.1
€690.08

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.81:

Valuetoday
=Value1960 ×
CPItoday/CPI1960
=€ 100 ×
122.81/16.1
€762.67

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 61 years between 1960 and 2021 and the average inflation rate was 3.2173%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.032173)61
€690.08

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1960 €6.9 euro in 2021
€5 euro in 1960 €34.5 euro in 2021
€10 euro in 1960 €69.01 euro in 2021
€50 euro in 1960 €345.04 euro in 2021
€100 euro in 1960 €690.08 euro in 2021
€500 euro in 1960 €3,450.39 euro in 2021
€1,000 euro in 1960 €6,900.79 euro in 2021
€5,000 euro in 1960 €34,503.93 euro in 2021
€10,000 euro in 1960 €69,007.87 euro in 2021
€50,000 euro in 1960 €345,039.34 euro in 2021
€100,000 euro in 1960 €690,078.67 euro in 2021
€500,000 euro in 1960 €3,450,393.37 euro in 2021
€1,000,000 euro in 1960 €6,900,786.75 euro in 2021
Cumulative inflation From 1960 662.67%
Avg. annual inflation From 1960 3.33%
CPI 1960 16.1
CPI today 122.81

Value of Euro over time (by year)

Period Value
1960 100
1961 103.54
1962 108.08
1963 111.01
1964 115.3
1965 120.99
1966 123.47
1967 128.38
1968 131.93
1969 135.99
1970 141.94
1971 148.62
1972 158.06
1973 169.97
1974 186.15
1975 201.87
1976 216.65
1977 228.55
1978 236.72
1979 245.49
1980 261.03
1981 278.79
1982 293.94
1983 303.76
1984 320.96
1985 331.2
1986 336.85
1987 341.57
1988 348.11
1989 357.05
1990 368.7
1991 381
1992 396.32
1993 410.72
1994 422.85
1995 432.33
1996 440.38
1997 446.13
1998 450.25
1999 452.81
2000 463.43
2001 475.71
2002 484.32
2003 490.88
2004 501
2005 512.52
2006 519.91
2007 531.18
2008 548.27
2009 551.04
2010 561.04
2011 579.47
2012 593.88
2013 605.76
2014 615.48
2015 621
2016 626.54
2017 639.58
2018 652.36
2019 662.35
2020 671.5
2021 690.08
2022-08 756.11
Today 762.67

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 |

Other currencies: