Value of 1962 Euro (Italy) today

€100 in 1962

€2,560.25 in 2019

The inflation rate in Italy between 1962 and today has been 2,460.25%, which translates into a total increase of €2,460.25. This means that 100 euro in 1962 are equivalent to 2,560.25 euro in 2019. In other words, the purchasing power of €100 in 1962 equals €2,560.25 today. The average annual inflation rate has been 5.75%.

Inflation timeline in Italy (1962-2019)

The following chart depicts the equivalence of €100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1962-2019) 2,459.16%
Total Inflation* 2,460.25%
Annual inflation avg. (1962-2019) 5.85%
Annual inflation avg.* 5.75%
CPI 1962 4
CPI 2019 102.3
CPI today* 102.34
€1 in 1962 €25.59 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 57 years between 1962 and 2019 and the average inflation rate has been 5.7501%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.06)57 = €2,559.16

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 1962 was 4 and the CPI today is 102.34. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.3/4
= €2,559.16

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1962 €25.6 euro today
€5 euro in 1962 €128.01 euro today
€10 euro in 1962 €256.02 euro today
€50 euro in 1962 €1,280.12 euro today
€100 euro in 1962 €2,560.25 euro today
€500 euro in 1962 €12,801.23 euro today
€1,000 euro in 1962 €25,602.45 euro today
€5,000 euro in 1962 €128,012.26 euro today
€10,000 euro in 1962 €256,024.52 euro today
€50,000 euro in 1962 €1,280,122.61 euro today
€100,000 euro in 1962 €2,560,245.23 euro today
€500,000 euro in 1962 €12,801,226.14 euro today
€1,000,000 euro in 1962 €25,602,452.28 euro today

Value of Euro in time (by year)

Period Value
1962 100
1963 106.52
1964 113.88
1965 120.48
1966 124.5
1967 127.42
1968 131.28
1969 132.54
1970 138.06
1971 145.46
1972 152.17
1973 163.4
1974 183.86
1975 228.9
1976 254.62
1977 306.82
1978 349.96
1979 390.55
1980 464.06
1981 554.79
1982 655.28
1983 763.03
1984 856.79
1985 937.08
1986 1,020.37
1987 1,062.76
1988 1,117.97
1989 1,178.11
1990 1,252.05
1991 1,334.86
1992 1,413.35
1993 1,482.2
1994 1,547.15
1995 1,609.51
1996 1,699.14
1997 1,747.82
1998 1,781.11
1999 1,811.07
2000 1,849.36
2001 1,899.3
2002 1,944.24
2003 1,999.17
2004 2,049.11
2005 2,090.72
2006 2,132.34
2007 2,172.29
2008 2,228.88
2009 2,278.82
2010 2,302.13
2011 2,345.4
2012 2,422.5
2013 2,478.36
2014 2,494.64
2015 2,494.64
2016 2,496.97
2017 2,509.13
2018 2,531.65
2019 2,559.16
Today 2,560.25