Value of 1970 Euro (Austria) today

€100 in 1970

€475.16 in 2018

The inflation rate in Austria between 1970 and today has been 375.16%, which translates into a total increase of €375.16. This means that 100 euro in 1970 are equivalent to 475.16 euro in 2018. In other words, the purchasing power of €100 in 1970 equals €475.16 today. The average annual inflation rate has been 3.23%.

Inflation timeline in Austria (1970-2018)

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 (1970-2018) 367.54%
Total Inflation* 375.16%
Annual inflation avg. (1970-2018) 3.27%
Annual inflation avg.* 3.23%
CPI 1970 22.31
CPI 2018 104.3
CPI today* 106
€1 in 1970 €4.68 in 2018

* 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 48 years between 1970 and 2018 and the average inflation rate has been 3.2317%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)48 = €467.54

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 1970 was 22.31 and the CPI today is 106. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.3/22.31
= €467.54

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1970 €4.75 euro today
€5 euro in 1970 €23.76 euro today
€10 euro in 1970 €47.52 euro today
€50 euro in 1970 €237.58 euro today
€100 euro in 1970 €475.16 euro today
€500 euro in 1970 €2,375.79 euro today
€1,000 euro in 1970 €4,751.58 euro today
€5,000 euro in 1970 €23,757.92 euro today
€10,000 euro in 1970 €47,515.85 euro today
€50,000 euro in 1970 €237,579.23 euro today
€100,000 euro in 1970 €475,158.47 euro today
€500,000 euro in 1970 €2,375,792.34 euro today
€1,000,000 euro in 1970 €4,751,584.67 euro today

Value of Euro in time (by year)

Period Value
1970 100
1971 104.63
1972 109.71
1973 118.09
1974 127.36
1975 139.66
1976 149.11
1977 159.89
1978 166.58
1979 172.73
1980 180.84
1981 192.87
1982 205.26
1983 214.88
1984 223.08
1985 234.31
1986 240.91
1987 243.58
1988 247.5
1989 252.14
1990 259.45
1991 268.45
1992 276.65
1993 288.32
1994 298.57
1995 306.33
1996 311.94
1997 319.25
1998 323.62
1999 325.85
2000 330.3
2001 338.86
2002 345.58
2003 351.94
2004 356.29
2005 366.66
2006 371.8
2007 377.35
2008 391.04
2009 396.22
2010 400.29
2011 409.54
2012 422.54
2013 434.29
2014 442.39
2015 446.85
2016 451.4
2017 457.67
2018 467.54
Today 475.16