Value of 1956 Euro (Italy) today

€100 in 1956

€2,873.16 in 2019

The inflation rate in Italy between 1956 and today has been 2,773.16%, which translates into a total increase of €2,773.16. This means that 100 euro in 1956 are equivalent to 2,873.16 euro in 2019. In other words, the purchasing power of €100 in 1956 equals €2,873.16 today. The average annual inflation rate has been 5.39%.

Inflation timeline in Italy (1956-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1956-2019) 2,771.26%
Total Inflation* 2,773.16%
Annual inflation avg. (1956-2019) 5.47%
Annual inflation avg.* 5.39%
CPI 1956 3.56
CPI 2019 102.3
CPI today* 102.37
€1 in 1956 €28.71 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 63 years between 1956 and 2019 and the average inflation rate has been 5.387%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)63 = €2,871.26

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 1956 was 3.56 and the CPI today is 102.37. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.3/3.56
= €2,871.26

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1956 €28.73 euro today
€5 euro in 1956 €143.66 euro today
€10 euro in 1956 €287.32 euro today
€50 euro in 1956 €1,436.58 euro today
€100 euro in 1956 €2,873.16 euro today
€500 euro in 1956 €14,365.82 euro today
€1,000 euro in 1956 €28,731.64 euro today
€5,000 euro in 1956 €143,658.19 euro today
€10,000 euro in 1956 €287,316.38 euro today
€50,000 euro in 1956 €1,436,581.9 euro today
€100,000 euro in 1956 €2,873,163.8 euro today
€500,000 euro in 1956 €14,365,818.98 euro today
€1,000,000 euro in 1956 €28,731,637.96 euro today

Value of Euro in time (by year)

Period Value
1956 100
1957 103
1958 105.25
1959 105.72
1960 107.6
1961 109.1
1962 112.2
1963 119.51
1964 127.77
1965 135.18
1966 139.68
1967 142.96
1968 147.29
1969 148.7
1970 154.9
1971 163.2
1972 170.73
1973 183.33
1974 206.28
1975 256.82
1976 285.67
1977 344.24
1978 392.64
1979 438.18
1980 520.65
1981 622.45
1982 735.2
1983 856.08
1984 961.28
1985 1,051.36
1986 1,144.8
1987 1,192.36
1988 1,254.31
1989 1,321.78
1990 1,404.73
1991 1,497.65
1992 1,585.71
1993 1,662.96
1994 1,735.83
1995 1,805.79
1996 1,906.35
1997 1,960.97
1998 1,998.32
1999 2,031.93
2000 2,074.89
2001 2,130.92
2002 2,181.34
2003 2,242.97
2004 2,299
2005 2,345.69
2006 2,392.38
2007 2,437.2
2008 2,500.7
2009 2,556.73
2010 2,582.87
2011 2,631.43
2012 2,717.93
2013 2,780.59
2014 2,798.87
2015 2,798.87
2016 2,801.48
2017 2,815.12
2018 2,840.38
2019 2,871.26
Today 2,873.16