Value of 1978 Euro (Austria) today

€100 in 1978
€321.86 in 2022

The inflation rate in Austria between 1978 and today has been 221.86%, which translates into a total increase of €221.86. This means that 100 euro in 1978 are equivalent to 321.86 euro in 2022. In other words, the purchasing power of €100 in 1978 equals €321.86 today. The average annual inflation rate between these periods has been 2.69%.

Inflation timeline in Austria (1978 - 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 1978-2021 191.52%
Cumulative inflation 1978-today 221.86%
Avg. Annual inflation 1978-2021 2.52%
CPI 1978 38.12
CPI 2021 111.12
CPI 2022-08 (latest official data) 121.76
CPI today 122.69

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 1978 and 2021, use the corresponding CPI values:

Value2021
=Value1978 ×
CPI2021/CPI1978
=€ 100 ×
111.12/38.12
€291.52

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.69:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=€ 100 ×
122.69/38.12
€321.86

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 43 years between 1978 and 2021 and the average inflation rate was 2.5194%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.025194)43
€291.52

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €2.92 euro in 2021
€5 euro in 1978 €14.58 euro in 2021
€10 euro in 1978 €29.15 euro in 2021
€50 euro in 1978 €145.76 euro in 2021
€100 euro in 1978 €291.52 euro in 2021
€500 euro in 1978 €1,457.59 euro in 2021
€1,000 euro in 1978 €2,915.19 euro in 2021
€5,000 euro in 1978 €14,575.93 euro in 2021
€10,000 euro in 1978 €29,151.86 euro in 2021
€50,000 euro in 1978 €145,759.29 euro in 2021
€100,000 euro in 1978 €291,518.59 euro in 2021
€500,000 euro in 1978 €1,457,592.94 euro in 2021
€1,000,000 euro in 1978 €2,915,185.88 euro in 2021
Cumulative inflation From 1978 221.86%
Avg. annual inflation From 1978 2.69%
CPI 1978 38.12
CPI today 122.69

Value of Euro over time (by year)

Period Value
1978 100
1979 103.71
1980 110.27
1981 117.77
1982 124.17
1983 128.32
1984 135.59
1985 139.91
1986 142.3
1987 144.29
1988 147.06
1989 150.83
1990 155.75
1991 160.95
1992 167.42
1993 173.5
1994 178.63
1995 182.64
1996 186.04
1997 188.46
1998 190.2
1999 191.29
2000 195.77
2001 200.96
2002 204.6
2003 207.37
2004 211.64
2005 216.51
2006 219.63
2007 224.39
2008 231.61
2009 232.78
2010 237.01
2011 244.79
2012 250.88
2013 255.9
2014 260.01
2015 262.34
2016 264.68
2017 270.19
2018 275.58
2019 279.8
2020 283.67
2021 291.52
2022-08 319.41
Today 321.86

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: