Value of 1971 Euro (Austria) today

€100 in 1971

€454.11 in 2018

The inflation rate in Austria between 1971 and today has been 354.11%, which translates into a total increase of €354.11. This means that 100 euro in 1971 are equivalent to 454.11 euro in 2018. In other words, the purchasing power of €100 in 1971 equals €454.11 today. The average annual inflation rate has been 3.2%.

Inflation timeline in Austria (1971-2018)

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 (1971-2018) 346.83%
Total Inflation* 354.11%
Annual inflation avg. (1971-2018) 3.24%
Annual inflation avg.* 3.2%
CPI 1971 23.34
CPI 2018 104.3
CPI today* 106
€1 in 1971 €4.47 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 47 years between 1971 and 2018 and the average inflation rate has been 3.2027%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)47 = €446.83

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 1971 was 23.34 and the CPI today is 106. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.3/23.34
= €446.83

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1971 €4.54 euro today
€5 euro in 1971 €22.71 euro today
€10 euro in 1971 €45.41 euro today
€50 euro in 1971 €227.06 euro today
€100 euro in 1971 €454.11 euro today
€500 euro in 1971 €2,270.56 euro today
€1,000 euro in 1971 €4,541.12 euro today
€5,000 euro in 1971 €22,705.61 euro today
€10,000 euro in 1971 €45,411.22 euro today
€50,000 euro in 1971 €227,056.08 euro today
€100,000 euro in 1971 €454,112.17 euro today
€500,000 euro in 1971 €2,270,560.85 euro today
€1,000,000 euro in 1971 €4,541,121.7 euro today

Value of Euro in time (by year)

Period Value
1971 100
1972 104.86
1973 112.86
1974 121.72
1975 133.48
1976 142.5
1977 152.81
1978 159.2
1979 165.08
1980 172.83
1981 184.33
1982 196.17
1983 205.37
1984 213.2
1985 223.94
1986 230.24
1987 232.79
1988 236.54
1989 240.97
1990 247.96
1991 256.56
1992 264.4
1993 275.55
1994 285.35
1995 292.76
1996 298.13
1997 305.11
1998 309.28
1999 311.41
2000 315.67
2001 323.85
2002 330.28
2003 336.35
2004 340.51
2005 350.42
2006 355.34
2007 360.64
2008 373.72
2009 378.67
2010 382.56
2011 391.4
2012 403.82
2013 415.05
2014 422.79
2015 427.05
2016 431.4
2017 437.4
2018 446.83
Today 454.11