Value of 1971 Euro (Austria) today

€100 in 1971
€529.97 in 2023

The inflation rate in Austria between 1971 and today has been 429.97%, which translates into a total increase of €429.97. This means that 100 euro in 1971 are equivalent to 529.97 euro in 2023. In other words, the purchasing power of €100 in 1971 equals €529.97 today. The average annual inflation rate between these periods has been 3.26%.

Inflation timeline in Austria (1971 - 2023)

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 1971-2022 404.02%
Cumulative inflation 1971-today 429.97%
Avg. Annual inflation 1971-2022 3.22%
CPI 1971 23.93
CPI 2022 120.62
CPI 2022-12 (latest official data) 125.54
CPI today 126.83

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 1971 and 2022, use the corresponding CPI values:

Value2022
=Value1971 ×
CPI2022/CPI1971
=€ 100 ×
120.62/23.93
€504.02

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.83:

Valuetoday
=Value1971 ×
CPItoday/CPI1971
=€ 100 ×
126.83/23.93
€529.97

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 1971 and 2022 and the average inflation rate was 3.2223%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.032223)51
€504.02

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1971 €5.04 euro in 2022
€5 euro in 1971 €25.2 euro in 2022
€10 euro in 1971 €50.4 euro in 2022
€50 euro in 1971 €252.01 euro in 2022
€100 euro in 1971 €504.02 euro in 2022
€500 euro in 1971 €2,520.08 euro in 2022
€1,000 euro in 1971 €5,040.17 euro in 2022
€5,000 euro in 1971 €25,200.84 euro in 2022
€10,000 euro in 1971 €50,401.68 euro in 2022
€50,000 euro in 1971 €252,008.41 euro in 2022
€100,000 euro in 1971 €504,016.81 euro in 2022
€500,000 euro in 1971 €2,520,084.06 euro in 2022
€1,000,000 euro in 1971 €5,040,168.11 euro in 2022
Cumulative inflation From 1971 429.97%
Avg. annual inflation From 1971 3.26%
CPI 1971 23.93
CPI today 126.83

Value of Euro over time (by year)

Period Value
1971 100
1972 106.36
1973 114.36
1974 125.25
1975 135.83
1976 145.77
1977 153.78
1978 159.28
1979 165.19
1980 175.64
1981 187.59
1982 197.78
1983 204.39
1984 215.96
1985 222.85
1986 226.65
1987 229.83
1988 234.23
1989 240.25
1990 248.09
1991 256.37
1992 266.67
1993 276.36
1994 284.52
1995 290.9
1996 296.32
1997 300.19
1998 302.96
1999 304.68
2000 311.82
2001 320.09
2002 325.88
2003 330.3
2004 337.11
2005 344.86
2006 349.83
2007 357.42
2008 368.91
2009 370.78
2010 377.5
2011 389.91
2012 399.6
2013 407.59
2014 414.14
2015 417.85
2016 421.58
2017 430.35
2018 438.95
2019 445.67
2020 451.83
2021 464.33
2022 504.02
2022-12 524.58
Today 529.97

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 | 2022 |

Other currencies: