Value of 1989 Euro (Austria) today

€100 in 1989
€233.88 in 2024

The inflation rate in Austria between 1989 and today has been 133.88%, which translates into a total increase of €133.88. This means that 100 euro in 1989 are equivalent to 233.88 euro in 2024. In other words, the purchasing power of €100 in 1989 equals €233.88 today. The average annual inflation rate between these periods has been 2.46%.

Inflation timeline in Austria (1989 - 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 1989-2023 126.18%
Cumulative inflation 1989-today 133.88%
Avg. Annual inflation 1989-2023 2.43%
CPI 1989 57.5
CPI 2023 130.05
CPI 2024-04 (latest official data) 133.87
CPI today 134.47

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 1989 and 2023, use the corresponding CPI values:

Value2023
=Value1989 ×
CPI2023/CPI1989
=€ 100 ×
130.05/57.5
€226.18

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 134.47:

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=€ 100 ×
134.47/57.5
€233.88

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 34 years between 1989 and 2023 and the average inflation rate was 2.4295%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.024295)34
€226.18

Austria inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1989 €2.26 euro in 2023
€5 euro in 1989 €11.31 euro in 2023
€10 euro in 1989 €22.62 euro in 2023
€50 euro in 1989 €113.09 euro in 2023
€100 euro in 1989 €226.18 euro in 2023
€500 euro in 1989 €1,130.91 euro in 2023
€1,000 euro in 1989 €2,261.82 euro in 2023
€5,000 euro in 1989 €11,309.12 euro in 2023
€10,000 euro in 1989 €22,618.24 euro in 2023
€50,000 euro in 1989 €113,091.2 euro in 2023
€100,000 euro in 1989 €226,182.4 euro in 2023
€500,000 euro in 1989 €1,130,912.02 euro in 2023
€1,000,000 euro in 1989 €2,261,824.03 euro in 2023
Cumulative inflation From 1989 133.88%
Avg. annual inflation From 1989 2.46%
CPI 1989 57.5
CPI today 134.47

Value of Euro over time (by year)

Period Value
1989 100
1990 103.26
1991 106.71
1992 111
1993 115.03
1994 118.43
1995 121.08
1996 123.34
1997 124.95
1998 126.1
1999 126.82
2000 129.79
2001 133.23
2002 135.64
2003 137.48
2004 140.32
2005 143.54
2006 145.61
2007 148.77
2008 153.55
2009 154.33
2010 157.13
2011 162.29
2012 166.33
2013 169.65
2014 172.38
2015 173.92
2016 175.48
2017 179.13
2018 182.71
2019 185.5
2020 188.07
2021 193.27
2022 209.79
2023 226.18
2024-04 232.83
Today 233.88

All available years

Today's value of euro (Austria) by year:

1958 | 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: