Value of 1955 Euro (Italy) today

€100 in 1955
€3,457.26 in 2024

The inflation rate in Italy between 1955 and today has been 3,357.26%, which translates into a total increase of €3,357.26. This means that 100 euro in 1955 are equivalent to 3,457.26 euro in 2024. In other words, the purchasing power of €100 in 1955 equals €3,457.26 today. The average annual inflation rate between these periods has been 5.27%.

Inflation timeline in Italy (1955 - 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 1955-2023 3,301.99%
Cumulative inflation 1955-today 3,357.26%
Avg. Annual inflation 1955-2023 5.32%
CPI 1955 3.52
CPI 2023 119.61
CPI 2024-08 (latest official data) 121.4
CPI today 121.55

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 1955 and 2023, use the corresponding CPI values:

Value2023
=Value1955 ×
CPI2023/CPI1955
=€ 100 ×
119.61/3.52
€3,401.99

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.55:

Valuetoday
=Value1955 ×
CPItoday/CPI1955
=€ 100 ×
121.55/3.52
€3,457.26

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 68 years between 1955 and 2023 and the average inflation rate was 5.3236%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.053236)68
€3,401.99

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1955 €34.02 euro in 2023
€5 euro in 1955 €170.1 euro in 2023
€10 euro in 1955 €340.2 euro in 2023
€50 euro in 1955 €1,701 euro in 2023
€100 euro in 1955 €3,401.99 euro in 2023
€500 euro in 1955 €17,009.97 euro in 2023
€1,000 euro in 1955 €34,019.94 euro in 2023
€5,000 euro in 1955 €170,099.71 euro in 2023
€10,000 euro in 1955 €340,199.42 euro in 2023
€50,000 euro in 1955 €1,700,997.12 euro in 2023
€100,000 euro in 1955 €3,401,994.24 euro in 2023
€500,000 euro in 1955 €17,009,971.19 euro in 2023
€1,000,000 euro in 1955 €34,019,942.38 euro in 2023
Cumulative inflation From 1955 3,357.26%
Avg. annual inflation From 1955 5.27%
CPI 1955 3.52
CPI today 121.55

Value of Euro over time (by year)

Period Value
1955 100
1956 103.38
1957 104.75
1958 107.74
1959 107.19
1960 109.71
1961 111.96
1962 117.21
1963 125.95
1964 133.4
1965 139.43
1966 142.7
1967 148.03
1968 149.92
1969 153.9
1970 161.55
1971 169.29
1972 179.02
1973 198.35
1974 236.36
1975 276.42
1976 322.35
1977 377.57
1978 423.23
1979 485.86
1980 588.2
1981 693.9
1982 808.26
1983 926.64
1984 1,026.66
1985 1,121.18
1986 1,186.47
1987 1,242.8
1988 1,305.66
1989 1,387.39
1990 1,476.97
1991 1,569.28
1992 1,651.99
1993 1,728.43
1994 1,798.46
1995 1,892.62
1996 1,968.45
1997 2,008.67
1998 2,047.94
1999 2,082.01
2000 2,134.84
2001 2,194.3
2002 2,248.4
2003 2,308.49
2004 2,359.43
2005 2,406.27
2006 2,456.58
2007 2,501.53
2008 2,585.28
2009 2,605.31
2010 2,645.05
2011 2,718.6
2012 2,801.28
2013 2,835.46
2014 2,842.29
2015 2,843.4
2016 2,840.72
2017 2,875.57
2018 2,908.28
2019 2,926.05
2020 2,922.02
2021 2,976.77
2022 3,220.91
2023 3,401.99
2024-08 3,452.96
Today 3,457.26

All available years

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

1955 | 1956 | 1957 | 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: