Value of 1970 Euro (Austria) today

€100 in 1970
€537.32 in 2022

The inflation rate in Austria between 1970 and today has been 437.32%, which translates into a total increase of €437.32. This means that 100 euro in 1970 are equivalent to 537.32 euro in 2022. In other words, the purchasing power of €100 in 1970 equals €537.32 today. The average annual inflation rate between these periods has been 3.29%.

Inflation timeline in Austria (1970 - 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 1970-2021 386.17%
Cumulative inflation 1970-today 437.32%
Avg. Annual inflation 1970-2021 3.15%
CPI 1970 22.86
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 1970 and 2021, use the corresponding CPI values:

Value2021
=Value1970 ×
CPI2021/CPI1970
=€ 100 ×
111.12/22.86
€486.17

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

Valuetoday
=Value1970 ×
CPItoday/CPI1970
=€ 100 ×
122.81/22.86
€537.32

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 51 years between 1970 and 2021 and the average inflation rate was 3.1494%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.031494)51
€486.17

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1970 €4.86 euro in 2021
€5 euro in 1970 €24.31 euro in 2021
€10 euro in 1970 €48.62 euro in 2021
€50 euro in 1970 €243.09 euro in 2021
€100 euro in 1970 €486.17 euro in 2021
€500 euro in 1970 €2,430.87 euro in 2021
€1,000 euro in 1970 €4,861.74 euro in 2021
€5,000 euro in 1970 €24,308.71 euro in 2021
€10,000 euro in 1970 €48,617.43 euro in 2021
€50,000 euro in 1970 €243,087.14 euro in 2021
€100,000 euro in 1970 €486,174.28 euro in 2021
€500,000 euro in 1970 €2,430,871.41 euro in 2021
€1,000,000 euro in 1970 €4,861,742.83 euro in 2021
Cumulative inflation From 1970 437.32%
Avg. annual inflation From 1970 3.29%
CPI 1970 22.86
CPI today 122.81

Value of Euro over time (by year)

Period Value
1970 100
1971 104.7
1972 111.36
1973 119.74
1974 131.15
1975 142.22
1976 152.63
1977 161.02
1978 166.77
1979 172.96
1980 183.9
1981 196.41
1982 207.09
1983 214
1984 226.12
1985 233.34
1986 237.32
1987 240.64
1988 245.25
1989 251.55
1990 259.76
1991 268.43
1992 279.22
1993 289.36
1994 297.91
1995 304.59
1996 310.26
1997 314.31
1998 317.21
1999 319.01
2000 326.49
2001 335.15
2002 341.21
2003 345.84
2004 352.97
2005 361.08
2006 366.29
2007 374.23
2008 386.26
2009 388.22
2010 395.26
2011 408.25
2012 418.4
2013 426.77
2014 433.62
2015 437.51
2016 441.41
2017 450.6
2018 459.6
2019 466.64
2020 473.09
2021 486.17
2022-08 532.69
Today 537.32

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: