Value of 1961 Euro (Austria) today

€100 in 1961
€735.09 in 2022

The inflation rate in Austria between 1961 and today has been 635.09%, which translates into a total increase of €635.09. This means that 100 euro in 1961 are equivalent to 735.09 euro in 2022. In other words, the purchasing power of €100 in 1961 equals €735.09 today. The average annual inflation rate between these periods has been 3.32%.

Inflation timeline in Austria (1961 - 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 1961-2021 566.47%
Cumulative inflation 1961-today 635.09%
Avg. Annual inflation 1961-2021 3.21%
CPI 1961 16.67
CPI 2021 111.12
CPI 2022-08 (latest official data) 121.76
CPI today 122.56

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 1961 and 2021, use the corresponding CPI values:

Value2021
=Value1961 ×
CPI2021/CPI1961
=€ 100 ×
111.12/16.67
€666.47

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.56:

Valuetoday
=Value1961 ×
CPItoday/CPI1961
=€ 100 ×
122.56/16.67
€735.09

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 60 years between 1961 and 2021 and the average inflation rate was 3.2119%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.032119)60
€666.47

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1961 €6.66 euro in 2021
€5 euro in 1961 €33.32 euro in 2021
€10 euro in 1961 €66.65 euro in 2021
€50 euro in 1961 €333.24 euro in 2021
€100 euro in 1961 €666.47 euro in 2021
€500 euro in 1961 €3,332.35 euro in 2021
€1,000 euro in 1961 €6,664.71 euro in 2021
€5,000 euro in 1961 €33,323.53 euro in 2021
€10,000 euro in 1961 €66,647.05 euro in 2021
€50,000 euro in 1961 €333,235.27 euro in 2021
€100,000 euro in 1961 €666,470.55 euro in 2021
€500,000 euro in 1961 €3,332,352.73 euro in 2021
€1,000,000 euro in 1961 €6,664,705.46 euro in 2021
Cumulative inflation From 1961 635.09%
Avg. annual inflation From 1961 3.32%
CPI 1961 16.67
CPI today 122.56

Value of Euro over time (by year)

Period Value
1961 100
1962 104.38
1963 107.21
1964 111.36
1965 116.85
1966 119.25
1967 123.99
1968 127.42
1969 131.34
1970 137.08
1971 143.53
1972 152.66
1973 164.15
1974 179.78
1975 194.97
1976 209.23
1977 220.73
1978 228.62
1979 237.1
1980 252.1
1981 269.25
1982 283.89
1983 293.37
1984 309.98
1985 319.87
1986 325.32
1987 329.88
1988 336.2
1989 344.84
1990 356.09
1991 367.97
1992 382.77
1993 396.67
1994 408.38
1995 417.54
1996 425.31
1997 430.87
1998 434.84
1999 437.32
2000 447.57
2001 459.43
2002 467.75
2003 474.09
2004 483.86
2005 494.99
2006 502.12
2007 513.01
2008 529.51
2009 532.19
2010 541.84
2011 559.65
2012 573.56
2013 585.03
2014 594.43
2015 599.76
2016 605.11
2017 617.7
2018 630.04
2019 639.69
2020 648.53
2021 666.47
2022-08 730.24
Today 735.09

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: