Value of 1962 Euro (Austria) today

€100 in 1962
€705.3 in 2022

The inflation rate in Austria between 1962 and today has been 605.3%, which translates into a total increase of €605.3. This means that 100 euro in 1962 are equivalent to 705.3 euro in 2022. In other words, the purchasing power of €100 in 1962 equals €705.3 today. The average annual inflation rate between these periods has been 3.31%.

Inflation timeline in Austria (1962 - 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 1962-2021 538.49%
Cumulative inflation 1962-today 605.3%
Avg. Annual inflation 1962-2021 3.19%
CPI 1962 17.4
CPI 2021 111.12
CPI 2022-08 (latest official data) 121.76
CPI today 122.75

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 1962 and 2021, use the corresponding CPI values:

Value2021
=Value1962 ×
CPI2021/CPI1962
=€ 100 ×
111.12/17.4
€638.49

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.75:

Valuetoday
=Value1962 ×
CPItoday/CPI1962
=€ 100 ×
122.75/17.4
€705.3

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 59 years between 1962 and 2021 and the average inflation rate was 3.1922%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.031922)59
€638.49

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1962 €6.38 euro in 2021
€5 euro in 1962 €31.92 euro in 2021
€10 euro in 1962 €63.85 euro in 2021
€50 euro in 1962 €319.25 euro in 2021
€100 euro in 1962 €638.49 euro in 2021
€500 euro in 1962 €3,192.47 euro in 2021
€1,000 euro in 1962 €6,384.93 euro in 2021
€5,000 euro in 1962 €31,924.66 euro in 2021
€10,000 euro in 1962 €63,849.32 euro in 2021
€50,000 euro in 1962 €319,246.62 euro in 2021
€100,000 euro in 1962 €638,493.24 euro in 2021
€500,000 euro in 1962 €3,192,466.21 euro in 2021
€1,000,000 euro in 1962 €6,384,932.42 euro in 2021
Cumulative inflation From 1962 605.3%
Avg. annual inflation From 1962 3.31%
CPI 1962 17.4
CPI today 122.75

Value of Euro over time (by year)

Period Value
1962 100
1963 102.71
1964 106.68
1965 111.94
1966 114.24
1967 118.78
1968 122.07
1969 125.83
1970 131.33
1971 137.51
1972 146.25
1973 157.26
1974 172.24
1975 186.78
1976 200.45
1977 211.46
1978 219.02
1979 227.14
1980 241.52
1981 257.95
1982 271.97
1983 281.05
1984 296.97
1985 306.44
1986 311.67
1987 316.04
1988 322.09
1989 330.36
1990 341.14
1991 352.52
1992 366.7
1993 380.02
1994 391.24
1995 400.02
1996 407.46
1997 412.78
1998 416.59
1999 418.96
2000 428.78
2001 440.15
2002 448.11
2003 454.19
2004 463.55
2005 474.21
2006 481.04
2007 491.48
2008 507.28
2009 509.85
2010 519.1
2011 536.16
2012 549.48
2013 560.48
2014 569.48
2015 574.58
2016 579.7
2017 591.77
2018 603.59
2019 612.84
2020 621.3
2021 638.49
2022-08 699.59
Today 705.3

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: