Value of 1989 Euro (Austria) today

€100 in 1989

€189.17 in 2019

The inflation rate in Austria between 1989 and today has been 89.17%, which translates into a total increase of €89.17. This means that 100 euro in 1989 are equivalent to 189.17 euro in 2019. In other words, the purchasing power of €100 in 1989 equals €189.17 today. The average annual inflation rate has been 2.08%.

Inflation timeline in Austria (1989-2019)

The following chart depicts the equivalence of €100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1989-2019) 88.98%
Total Inflation* 89.17%
Annual inflation avg. (1989-2019) 2.14%
Annual inflation avg.* 2.08%
CPI 1989 56.25
CPI 2019 106.3
CPI today* 106.41
€1 in 1989 €1.89 in 2019

* 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 30 years between 1989 and 2019 and the average inflation rate has been 2.0777%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)30 = €188.98

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 1989 was 56.25 and the CPI today is 106.41. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
106.3/56.25
= €188.98

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1989 €1.89 euro today
€5 euro in 1989 €9.46 euro today
€10 euro in 1989 €18.92 euro today
€50 euro in 1989 €94.59 euro today
€100 euro in 1989 €189.17 euro today
€500 euro in 1989 €945.87 euro today
€1,000 euro in 1989 €1,891.74 euro today
€5,000 euro in 1989 €9,458.72 euro today
€10,000 euro in 1989 €18,917.43 euro today
€50,000 euro in 1989 €94,587.17 euro today
€100,000 euro in 1989 €189,174.34 euro today
€500,000 euro in 1989 €945,871.72 euro today
€1,000,000 euro in 1989 €1,891,743.44 euro today

Value of Euro in time (by year)

Period Value
1989 100
1990 102.9
1991 106.47
1992 109.72
1993 114.35
1994 118.42
1995 121.49
1996 123.72
1997 126.62
1998 128.35
1999 129.23
2000 131
2001 134.39
2002 137.06
2003 139.58
2004 141.31
2005 145.42
2006 147.46
2007 149.66
2008 155.09
2009 157.14
2010 158.76
2011 162.43
2012 167.58
2013 172.24
2014 175.45
2015 177.22
2016 179.03
2017 181.52
2018 185.43
2019 188.98
Today 189.17