Value of 1978 Euro (Austria) today

€100 in 1978

€285.79 today

The inflation rate in Austria between 1978 and today has been 185.79%, which translates into a total increase of €185.79. This means that 100 euro in 1978 are equivalent to 285.79 euro in 2018. In other words, the purchasing power of €100 in 1978 equals €285.79 today. The average annual inflation rate has been 2.59%.

Inflation timeline in Austria (1978-2019)

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 (1978-2018) 180.67%
Total Inflation* 185.79%
Annual inflation avg. (1978-2018) 2.61%
Annual inflation avg.* 2.59%
CPI 1978 37.16
CPI 2018 104.3
CPI today* 106.2
€1 in 1978 €2.81 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 40 years between 1978 and 2018 and the average inflation rate has been 2.5942%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)40 = €280.67

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 1978 was 37.16 and the CPI today is 106.2. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.3/37.16
= €280.67

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €2.86 euro today
€5 euro in 1978 €14.29 euro today
€10 euro in 1978 €28.58 euro today
€50 euro in 1978 €142.89 euro today
€100 euro in 1978 €285.79 euro today
€500 euro in 1978 €1,428.93 euro today
€1,000 euro in 1978 €2,857.86 euro today
€5,000 euro in 1978 €14,289.31 euro today
€10,000 euro in 1978 €28,578.63 euro today
€50,000 euro in 1978 €142,893.13 euro today
€100,000 euro in 1978 €285,786.26 euro today
€500,000 euro in 1978 €1,428,931.29 euro today
€1,000,000 euro in 1978 €2,857,862.59 euro today

Value of Euro in time (by year)

Period Value
1978 100
1979 103.69
1980 108.56
1981 115.78
1982 123.22
1983 129
1984 133.92
1985 140.66
1986 144.62
1987 146.23
1988 148.58
1989 151.36
1990 155.75
1991 161.16
1992 166.08
1993 173.09
1994 179.24
1995 183.9
1996 187.27
1997 191.65
1998 194.28
1999 195.61
2000 198.29
2001 203.42
2002 207.46
2003 211.28
2004 213.89
2005 220.11
2006 223.2
2007 226.53
2008 234.75
2009 237.86
2010 240.3
2011 245.86
2012 253.66
2013 260.71
2014 265.58
2015 268.25
2016 270.98
2017 274.75
2018 280.67
Today 285.79