Value of 1983 Euro (Austria) today

€100 in 1983

€221.12 in 2018

The inflation rate in Austria between 1983 and today has been 121.12%, which translates into a total increase of €121.12. This means that 100 euro in 1983 are equivalent to 221.12 euro in 2018. In other words, the purchasing power of €100 in 1983 equals €221.12 today. The average annual inflation rate has been 2.23%.

Inflation timeline in Austria (1983-2018)

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 (1983-2018) 117.58%
Total Inflation* 121.12%
Annual inflation avg. (1983-2018) 2.25%
Annual inflation avg.* 2.23%
CPI 1983 47.94
CPI 2018 104.3
CPI today* 106
€1 in 1983 €2.18 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 35 years between 1983 and 2018 and the average inflation rate has been 2.2288%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)35 = €217.58

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 1983 was 47.94 and the CPI today is 106. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
104.3/47.94
= €217.58

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €2.21 euro today
€5 euro in 1983 €11.06 euro today
€10 euro in 1983 €22.11 euro today
€50 euro in 1983 €110.56 euro today
€100 euro in 1983 €221.12 euro today
€500 euro in 1983 €1,105.62 euro today
€1,000 euro in 1983 €2,211.23 euro today
€5,000 euro in 1983 €11,056.15 euro today
€10,000 euro in 1983 €22,112.31 euro today
€50,000 euro in 1983 €110,561.54 euro today
€100,000 euro in 1983 €221,123.08 euro today
€500,000 euro in 1983 €1,105,615.42 euro today
€1,000,000 euro in 1983 €2,211,230.83 euro today

Value of Euro in time (by year)

Period Value
1983 100
1984 103.82
1985 109.04
1986 112.11
1987 113.36
1988 115.18
1989 117.34
1990 120.74
1991 124.93
1992 128.74
1993 134.18
1994 138.95
1995 142.55
1996 145.17
1997 148.57
1998 150.6
1999 151.64
2000 153.71
2001 157.69
2002 160.82
2003 163.78
2004 165.81
2005 170.63
2006 173.03
2007 175.61
2008 181.98
2009 184.39
2010 186.28
2011 190.59
2012 196.64
2013 202.1
2014 205.87
2015 207.95
2016 210.07
2017 212.99
2018 217.58
Today 221.12