Value of 1963 Euro (Italy) today

€100 in 1963
€2,525.68 in 2022

The inflation rate in Italy between 1963 and today has been 2,425.68%, which translates into a total increase of €2,425.68. This means that 100 euro in 1963 are equivalent to 2,525.68 euro in 2022. In other words, the purchasing power of €100 in 1963 equals €2,525.68 today. The average annual inflation rate between these periods has been 5.63%.

Inflation timeline in Italy (1963 - 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 1963-2021 2,263.41%
Cumulative inflation 1963-today 2,425.68%
Avg. Annual inflation 1963-2021 5.6%
CPI 1963 4.43
CPI 2021 104.66
CPI 2022-05 (latest official data) 111.2
CPI today 111.84

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 1963 and 2021, use the corresponding CPI values:

Value2021
=Value1963 ×
CPI2021/CPI1963
=€ 100 ×
104.66/4.43
€2,363.41

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 111.84:

Valuetoday
=Value1963 ×
CPItoday/CPI1963
=€ 100 ×
111.84/4.43
€2,525.68

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 58 years between 1963 and 2021 and the average inflation rate was 5.6043%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.056043)58
€2,363.41

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1963 €23.63 euro in 2021
€5 euro in 1963 €118.17 euro in 2021
€10 euro in 1963 €236.34 euro in 2021
€50 euro in 1963 €1,181.7 euro in 2021
€100 euro in 1963 €2,363.41 euro in 2021
€500 euro in 1963 €11,817.04 euro in 2021
€1,000 euro in 1963 €23,634.08 euro in 2021
€5,000 euro in 1963 €118,170.4 euro in 2021
€10,000 euro in 1963 €236,340.8 euro in 2021
€50,000 euro in 1963 €1,181,704 euro in 2021
€100,000 euro in 1963 €2,363,408 euro in 2021
€500,000 euro in 1963 €11,817,039.98 euro in 2021
€1,000,000 euro in 1963 €23,634,079.97 euro in 2021
Cumulative inflation From 1963 2,425.68%
Avg. annual inflation From 1963 5.63%
CPI 1963 4.43
CPI today 111.84

Value of Euro over time (by year)

Period Value
1963 100
1964 105.91
1965 110.7
1966 113.3
1967 117.53
1968 119.03
1969 122.19
1970 128.26
1971 134.41
1972 142.13
1973 157.48
1974 187.66
1975 219.47
1976 255.93
1977 299.77
1978 336.02
1979 385.75
1980 467
1981 550.92
1982 641.71
1983 735.7
1984 815.12
1985 890.16
1986 942
1987 986.72
1988 1,036.63
1989 1,101.52
1990 1,172.64
1991 1,245.93
1992 1,311.6
1993 1,372.28
1994 1,427.88
1995 1,502.64
1996 1,562.85
1997 1,594.78
1998 1,625.96
1999 1,653.01
2000 1,694.96
2001 1,742.16
2002 1,785.11
2003 1,832.82
2004 1,873.27
2005 1,910.46
2006 1,950.4
2007 1,986.09
2008 2,052.58
2009 2,068.48
2010 2,100.04
2011 2,158.43
2012 2,224.08
2013 2,251.21
2014 2,256.64
2015 2,257.51
2016 2,255.39
2017 2,283.05
2018 2,309.02
2019 2,323.14
2020 2,319.94
2021 2,363.41
2022-05 2,511.13
Today 2,525.68

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: