Value of 1988 Euro (Austria) today

€100 in 1988
€213.58 in 2022

The inflation rate in Austria between 1988 and today has been 113.58%, which translates into a total increase of €113.58. This means that 100 euro in 1988 are equivalent to 213.58 euro in 2022. In other words, the purchasing power of €100 in 1988 equals €213.58 today. The average annual inflation rate between these periods has been 2.26%.

Inflation timeline in Austria (1988 - 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 1988-2021 98.23%
Cumulative inflation 1988-today 113.58%
Avg. Annual inflation 1988-2021 2.1%
CPI 1988 56.06
CPI 2021 111.12
CPI 2022-05 (latest official data) 118.94
CPI today 119.73

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 1988 and 2021, use the corresponding CPI values:

Value2021
=Value1988 ×
CPI2021/CPI1988
=€ 100 ×
111.12/56.06
€198.23

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.73:

Valuetoday
=Value1988 ×
CPItoday/CPI1988
=€ 100 ×
119.73/56.06
€213.58

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 33 years between 1988 and 2021 and the average inflation rate was 2.0952%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.020952)33
€198.23

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1988 €1.98 euro in 2021
€5 euro in 1988 €9.91 euro in 2021
€10 euro in 1988 €19.82 euro in 2021
€50 euro in 1988 €99.12 euro in 2021
€100 euro in 1988 €198.23 euro in 2021
€500 euro in 1988 €991.17 euro in 2021
€1,000 euro in 1988 €1,982.34 euro in 2021
€5,000 euro in 1988 €9,911.72 euro in 2021
€10,000 euro in 1988 €19,823.44 euro in 2021
€50,000 euro in 1988 €99,117.19 euro in 2021
€100,000 euro in 1988 €198,234.39 euro in 2021
€500,000 euro in 1988 €991,171.95 euro in 2021
€1,000,000 euro in 1988 €1,982,343.89 euro in 2021
Cumulative inflation From 1988 113.58%
Avg. annual inflation From 1988 2.26%
CPI 1988 56.06
CPI today 119.73

Value of Euro over time (by year)

Period Value
1988 100
1989 102.57
1990 105.91
1991 109.45
1992 113.85
1993 117.98
1994 121.47
1995 124.19
1996 126.51
1997 128.16
1998 129.34
1999 130.08
2000 133.13
2001 136.65
2002 139.13
2003 141.01
2004 143.92
2005 147.23
2006 149.35
2007 152.59
2008 157.5
2009 158.29
2010 161.17
2011 166.46
2012 170.6
2013 174.01
2014 176.81
2015 178.39
2016 179.98
2017 183.73
2018 187.4
2019 190.27
2020 192.9
2021 198.23
2022-05 212.19
Today 213.58

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: