Value of 1983 Euro (Austria) today

€100 in 1983
€274.04 in 2024

The inflation rate in Austria between 1983 and today has been 174.04%, which translates into a total increase of €174.04. This means that 100 euro in 1983 are equivalent to 274.04 euro in 2024. In other words, the purchasing power of €100 in 1983 equals €274.04 today. The average annual inflation rate between these periods has been 2.49%.

Inflation timeline in Austria (1983 - 2024)

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 1983-2023 165.87%
Cumulative inflation 1983-today 174.04%
Avg. Annual inflation 1983-2023 2.47%
CPI 1983 48.91
CPI 2023 130.05
CPI 2024-03 (latest official data) 133.76
CPI today 134.05

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 1983 and 2023, use the corresponding CPI values:

Value2023
=Value1983 ×
CPI2023/CPI1983
=€ 100 ×
130.05/48.91
€265.87

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 134.05:

Valuetoday
=Value1983 ×
CPItoday/CPI1983
=€ 100 ×
134.05/48.91
€274.04

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 40 years between 1983 and 2023 and the average inflation rate was 2.4747%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.024747)40
€265.87

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €2.66 euro in 2023
€5 euro in 1983 €13.29 euro in 2023
€10 euro in 1983 €26.59 euro in 2023
€50 euro in 1983 €132.93 euro in 2023
€100 euro in 1983 €265.87 euro in 2023
€500 euro in 1983 €1,329.33 euro in 2023
€1,000 euro in 1983 €2,658.66 euro in 2023
€5,000 euro in 1983 €13,293.31 euro in 2023
€10,000 euro in 1983 €26,586.62 euro in 2023
€50,000 euro in 1983 €132,933.12 euro in 2023
€100,000 euro in 1983 €265,866.25 euro in 2023
€500,000 euro in 1983 €1,329,331.23 euro in 2023
€1,000,000 euro in 1983 €2,658,662.45 euro in 2023
Cumulative inflation From 1983 174.04%
Avg. annual inflation From 1983 2.49%
CPI 1983 48.91
CPI today 134.05

Value of Euro over time (by year)

Period Value
1983 100
1984 105.66
1985 109.03
1986 110.89
1987 112.45
1988 114.6
1989 117.55
1990 121.38
1991 125.43
1992 130.47
1993 135.21
1994 139.21
1995 142.33
1996 144.98
1997 146.87
1998 148.23
1999 149.07
2000 152.56
2001 156.61
2002 159.44
2003 161.6
2004 164.93
2005 168.73
2006 171.16
2007 174.87
2008 180.49
2009 181.41
2010 184.7
2011 190.77
2012 195.51
2013 199.42
2014 202.62
2015 204.44
2016 206.26
2017 210.56
2018 214.76
2019 218.05
2020 221.06
2021 227.18
2022 246.6
2023 265.87
2024-03 273.46
Today 274.04

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 | 2023 |

Other currencies: