Value of 1993 Euro (Austria) today - Inflation Calculator

€100 in 1993

€197.27 in 2023

The inflation rate in Austria between 1993 and today has been 97.27%, which translates into a total increase of €97.27. This means that 100 euro in 1993 are equivalent to 197.27 euro in 2023. In other words, the purchasing power of €100 in 1993 equals €197.27 today. The average annual inflation rate between these periods has been 2.29%.

Inflation timeline in Austria (1993 - 2023)

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 1993-2022	82.38%
Cumulative inflation 1993-today	97.27%
Avg. Annual inflation 1993-2022	2.09%
CPI 1993	66.14
CPI 2022	120.62
CPI 2023-04 (latest official data)	129.43
CPI today	130.47

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:

Value_t =Value₀ ×

CPI_t/CPI₀

To obtain the values equivalent in buying power between 1993 and 2022, use the corresponding CPI values:

Value₂₀₂₂

=Value₁₉₉₃ ×

CPI₂₀₂₂/CPI₁₉₉₃

=€ 100 ×

120.62/66.14

≈€182.38

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 130.47:

Value_today

=Value₁₉₉₃ ×

CPI_today/CPI₁₉₉₃

=€ 100 ×

130.47/66.14

≈€197.27

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 29 years between 1993 and 2022 and the average inflation rate was 2.0937%. Therefore, we can resolve the formula like this:

Value₂₀₂₂

=PV × (1 + i)ⁿ

=€100 × (1 + 0.020937)²⁹

≈€182.38

Austria inflation - Conversion table

Initial Value		Equivalent value
€1 euro in 1993	→	€1.82 euro in 2022
€5 euro in 1993	→	€9.12 euro in 2022
€10 euro in 1993	→	€18.24 euro in 2022
€50 euro in 1993	→	€91.19 euro in 2022
€100 euro in 1993	→	€182.38 euro in 2022
€500 euro in 1993	→	€911.89 euro in 2022
€1,000 euro in 1993	→	€1,823.78 euro in 2022
€5,000 euro in 1993	→	€9,118.89 euro in 2022
€10,000 euro in 1993	→	€18,237.78 euro in 2022
€50,000 euro in 1993	→	€91,188.91 euro in 2022
€100,000 euro in 1993	→	€182,377.83 euro in 2022
€500,000 euro in 1993	→	€911,889.13 euro in 2022
€1,000,000 euro in 1993	→	€1,823,778.25 euro in 2022

Cumulative inflation From 1993	97.27%
Avg. annual inflation From 1993	2.29%
CPI 1993	66.14
CPI today	130.47

Value of Euro over time (by year)

Period	Value
1993	100
1994	102.95
1995	105.26
1996	107.22
1997	108.62
1998	109.62
1999	110.25
2000	112.83
2001	115.82
2002	117.92
2003	119.52
2004	121.98
2005	124.79
2006	126.59
2007	129.33
2008	133.49
2009	134.17
2010	136.6
2011	141.09
2012	144.6
2013	147.49
2014	149.86
2015	151.2
2016	152.55
2017	155.72
2018	158.83
2019	161.27
2020	163.49
2021	168.02
2022	182.38
2023-04	195.7
Today	197.27