Value of 1962 Euro (Italy) today

€100 in 1962
€2,885.28 in 2022

The inflation rate in Italy between 1962 and today has been 2,785.28%, which translates into a total increase of €2,785.28. This means that 100 euro in 1962 are equivalent to 2,885.28 euro in 2022. In other words, the purchasing power of €100 in 1962 equals €2,885.28 today. The average annual inflation rate between these periods has been 5.76%.

Inflation timeline in Italy (1962 - 2022)

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 1962-2021 2,439.59%
Cumulative inflation 1962-today 2,785.28%
Avg. Annual inflation 1962-2021 5.64%
CPI 1962 4.12
CPI 2021 104.66
CPI 2022-10 (latest official data) 118.1
CPI today 118.9

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 1962 and 2021, use the corresponding CPI values:

Value2021
=Value1962 ×
CPI2021/CPI1962
=€ 100 ×
104.66/4.12
€2,539.59

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.9:

Valuetoday
=Value1962 ×
CPItoday/CPI1962
=€ 100 ×
118.9/4.12
€2,885.28

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 59 years between 1962 and 2021 and the average inflation rate was 5.6354%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.056354)59
€2,539.59

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1962 €25.4 euro in 2021
€5 euro in 1962 €126.98 euro in 2021
€10 euro in 1962 €253.96 euro in 2021
€50 euro in 1962 €1,269.8 euro in 2021
€100 euro in 1962 €2,539.59 euro in 2021
€500 euro in 1962 €12,697.96 euro in 2021
€1,000 euro in 1962 €25,395.93 euro in 2021
€5,000 euro in 1962 €126,979.65 euro in 2021
€10,000 euro in 1962 €253,959.29 euro in 2021
€50,000 euro in 1962 €1,269,796.46 euro in 2021
€100,000 euro in 1962 €2,539,592.91 euro in 2021
€500,000 euro in 1962 €12,697,964.56 euro in 2021
€1,000,000 euro in 1962 €25,395,929.11 euro in 2021
Cumulative inflation From 1962 2,785.28%
Avg. annual inflation From 1962 5.76%
CPI 1962 4.12
CPI today 118.9

Value of Euro over time (by year)

Period Value
1962 100
1963 107.45
1964 113.81
1965 118.95
1966 121.74
1967 126.29
1968 127.9
1969 131.3
1970 137.82
1971 144.43
1972 152.73
1973 169.22
1974 201.65
1975 235.83
1976 275.01
1977 322.11
1978 361.07
1979 414.51
1980 501.82
1981 591.99
1982 689.55
1983 790.55
1984 875.88
1985 956.52
1986 1,012.22
1987 1,060.27
1988 1,113.91
1989 1,183.63
1990 1,260.06
1991 1,338.81
1992 1,409.37
1993 1,474.58
1994 1,534.33
1995 1,614.66
1996 1,679.36
1997 1,713.67
1998 1,747.17
1999 1,776.23
2000 1,821.31
2001 1,872.04
2002 1,918.19
2003 1,969.45
2004 2,012.91
2005 2,052.88
2006 2,095.8
2007 2,134.15
2008 2,205.59
2009 2,222.68
2010 2,256.59
2011 2,319.34
2012 2,389.88
2013 2,419.03
2014 2,424.86
2015 2,425.8
2016 2,423.52
2017 2,453.25
2018 2,481.15
2019 2,496.32
2020 2,492.88
2021 2,539.59
2022-10 2,865.76
Today 2,885.28

All available years

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

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 |

Other currencies: