Value of 1958 Euro (Italy) today

€100 in 1958
€3,208.89 in 2024

The inflation rate in Italy between 1958 and today has been 3,108.89%, which translates into a total increase of €3,108.89. This means that 100 euro in 1958 are equivalent to 3,208.89 euro in 2024. In other words, the purchasing power of €100 in 1958 equals €3,208.89 today. The average annual inflation rate between these periods has been 5.4%.

Inflation timeline in Italy (1958 - 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 1958-2023 3,057.6%
Cumulative inflation 1958-today 3,108.89%
Avg. Annual inflation 1958-2023 5.45%
CPI 1958 3.79
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 1958 and 2023, use the corresponding CPI values:

Value2023
=Value1958 ×
CPI2023/CPI1958
=€ 100 ×
119.61/3.79
€3,157.6

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

Valuetoday
=Value1958 ×
CPItoday/CPI1958
=€ 100 ×
121.55/3.79
€3,208.89

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 65 years between 1958 and 2023 and the average inflation rate was 5.455%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.05455)65
€3,157.6

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1958 €31.58 euro in 2023
€5 euro in 1958 €157.88 euro in 2023
€10 euro in 1958 €315.76 euro in 2023
€50 euro in 1958 €1,578.8 euro in 2023
€100 euro in 1958 €3,157.6 euro in 2023
€500 euro in 1958 €15,788 euro in 2023
€1,000 euro in 1958 €31,576.01 euro in 2023
€5,000 euro in 1958 €157,880.03 euro in 2023
€10,000 euro in 1958 €315,760.06 euro in 2023
€50,000 euro in 1958 €1,578,800.3 euro in 2023
€100,000 euro in 1958 €3,157,600.59 euro in 2023
€500,000 euro in 1958 €15,788,002.95 euro in 2023
€1,000,000 euro in 1958 €31,576,005.91 euro in 2023
Cumulative inflation From 1958 3,108.89%
Avg. annual inflation From 1958 5.4%
CPI 1958 3.79
CPI today 121.55

Value of Euro over time (by year)

Period Value
1958 100
1959 99.49
1960 101.83
1961 103.92
1962 108.79
1963 116.9
1964 123.82
1965 129.41
1966 132.45
1967 137.39
1968 139.15
1969 142.85
1970 149.94
1971 157.13
1972 166.16
1973 184.1
1974 219.38
1975 256.56
1976 299.19
1977 350.44
1978 392.82
1979 450.96
1980 545.95
1981 644.05
1982 750.19
1983 860.07
1984 952.91
1985 1,040.64
1986 1,101.24
1987 1,153.52
1988 1,211.86
1989 1,287.72
1990 1,370.87
1991 1,456.55
1992 1,533.32
1993 1,604.26
1994 1,669.26
1995 1,756.65
1996 1,827.04
1997 1,864.37
1998 1,900.82
1999 1,932.44
2000 1,981.48
2001 2,036.67
2002 2,086.88
2003 2,142.65
2004 2,189.93
2005 2,233.41
2006 2,280.11
2007 2,321.83
2008 2,399.56
2009 2,418.15
2010 2,455.04
2011 2,523.3
2012 2,600.04
2013 2,631.77
2014 2,638.11
2015 2,639.13
2016 2,636.65
2017 2,668.99
2018 2,699.35
2019 2,715.85
2020 2,712.11
2021 2,762.93
2022 2,989.53
2023 3,157.6
2024-08 3,204.9
Today 3,208.89

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: