Value of 1959 Euro (Italy) today

€100 in 1959

€2,718.52 today

The inflation rate in Italy between 1959 and today has been 2,618.52%, which translates into a total increase of €2,618.52. This means that 100 euro in 1959 are equivalent to 2,718.52 euro in 2018. In other words, the purchasing power of €100 in 1959 equals €2,718.52 today. The average annual inflation rate has been 5.66%.

Inflation timeline in Italy (1959-2019)

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 (1959-2018) 2,586.64%
Total Inflation* 2,618.52%
Annual inflation avg. (1959-2018) 5.74%
Annual inflation avg.* 5.66%
CPI 1959 3.77
CPI 2018 101.2
CPI today* 102.4
€1 in 1959 €26.87 in 2018

* 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 59 years between 1959 and 2018 and the average inflation rate has been 5.6588%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.06)59 = €2,686.64

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 1959 was 3.77 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.2/3.77
= €2,686.64

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1959 €27.19 euro today
€5 euro in 1959 €135.93 euro today
€10 euro in 1959 €271.85 euro today
€50 euro in 1959 €1,359.26 euro today
€100 euro in 1959 €2,718.52 euro today
€500 euro in 1959 €13,592.58 euro today
€1,000 euro in 1959 €27,185.16 euro today
€5,000 euro in 1959 €135,925.82 euro today
€10,000 euro in 1959 €271,851.64 euro today
€50,000 euro in 1959 €1,359,258.21 euro today
€100,000 euro in 1959 €2,718,516.42 euro today
€500,000 euro in 1959 €13,592,582.09 euro today
€1,000,000 euro in 1959 €27,185,164.19 euro today

Value of Euro in time (by year)

Period Value
1959 100
1960 101.77
1961 103.19
1962 106.12
1963 113.04
1964 120.85
1965 127.86
1966 132.12
1967 135.23
1968 139.32
1969 140.65
1970 146.51
1971 154.37
1972 161.49
1973 173.4
1974 195.12
1975 242.92
1976 270.21
1977 325.6
1978 371.39
1979 414.46
1980 492.47
1981 588.76
1982 695.4
1983 809.75
1984 909.25
1985 994.46
1986 1,082.84
1987 1,127.83
1988 1,186.42
1989 1,250.23
1990 1,328.7
1991 1,416.58
1992 1,499.89
1993 1,572.95
1994 1,641.88
1995 1,708.05
1996 1,803.17
1997 1,854.83
1998 1,890.16
1999 1,921.95
2000 1,962.58
2001 2,015.58
2002 2,063.27
2003 2,121.57
2004 2,174.56
2005 2,218.73
2006 2,262.89
2007 2,305.28
2008 2,365.35
2009 2,418.34
2010 2,443.07
2011 2,489
2012 2,570.82
2013 2,630.09
2014 2,647.38
2015 2,647.38
2016 2,649.85
2017 2,662.75
2018 2,686.64
Today 2,718.52