Value of 1962 Euro (Austria) today

€100 in 1962

€628.18 in 2019

The inflation rate in Austria between 1962 and today has been 528.18%, which translates into a total increase of €528.18. This means that 100 euro in 1962 are equivalent to 628.18 euro in 2019. In other words, the purchasing power of €100 in 1962 equals €628.18 today. The average annual inflation rate has been 3.22%.

Inflation timeline in Austria (1962-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1962-2019) 527.44%
Total Inflation* 528.18%
Annual inflation avg. (1962-2019) 3.27%
Annual inflation avg.* 3.22%
CPI 1962 16.94
CPI 2019 106.3
CPI today* 106.42
€1 in 1962 €6.27 in 2019

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 57 years between 1962 and 2019 and the average inflation rate has been 3.2191%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)57 = €627.44

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1962 was 16.94 and the CPI today is 106.42. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
106.3/16.94
= €627.44

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1962 €6.28 euro today
€5 euro in 1962 €31.41 euro today
€10 euro in 1962 €62.82 euro today
€50 euro in 1962 €314.09 euro today
€100 euro in 1962 €628.18 euro today
€500 euro in 1962 €3,140.89 euro today
€1,000 euro in 1962 €6,281.78 euro today
€5,000 euro in 1962 €31,408.91 euro today
€10,000 euro in 1962 €62,817.82 euro today
€50,000 euro in 1962 €314,089.09 euro today
€100,000 euro in 1962 €628,178.18 euro today
€500,000 euro in 1962 €3,140,890.92 euro today
€1,000,000 euro in 1962 €6,281,781.84 euro today

Value of Euro in time (by year)

Period Value
1962 100
1963 102.31
1964 106.64
1965 110.33
1966 116.97
1967 119.24
1968 123.58
1969 127.34
1970 131.68
1971 137.78
1972 144.47
1973 155.5
1974 167.71
1975 183.9
1976 196.34
1977 210.54
1978 219.34
1979 227.44
1980 238.12
1981 253.97
1982 270.28
1983 282.95
1984 293.75
1985 308.54
1986 317.22
1987 320.74
1988 325.91
1989 332.01
1990 341.63
1991 353.49
1992 364.28
1993 379.66
1994 393.15
1995 403.36
1996 410.76
1997 420.38
1998 426.13
1999 429.07
2000 434.93
2001 446.2
2002 455.06
2003 463.43
2004 469.15
2005 482.81
2006 489.58
2007 496.89
2008 514.91
2009 521.73
2010 527.09
2011 539.27
2012 556.39
2013 571.86
2014 582.53
2015 588.39
2016 594.39
2017 602.65
2018 615.64
2019 627.44
Today 628.18