Value of 1964 Euro (Italy) today

€100 in 1964

€2,248.75 in 2019

The inflation rate in Italy between 1964 and today has been 2,148.75%, which translates into a total increase of €2,148.75. This means that 100 euro in 1964 are equivalent to 2,248.75 euro in 2019. In other words, the purchasing power of €100 in 1964 equals €2,248.75 today. The average annual inflation rate has been 5.72%.

Inflation timeline in Italy (1964-2019)

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 (1964-2019) 2,147.25%
Total Inflation* 2,148.75%
Annual inflation avg. (1964-2019) 5.82%
Annual inflation avg.* 5.72%
CPI 1964 4.55
CPI 2019 102.3
CPI today* 102.37
€1 in 1964 €22.47 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 55 years between 1964 and 2019 and the average inflation rate has been 5.7163%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.06)55 = €2,247.25

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 1964 was 4.55 and the CPI today is 102.37. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.3/4.55
= €2,247.25

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1964 €22.49 euro today
€5 euro in 1964 €112.44 euro today
€10 euro in 1964 €224.87 euro today
€50 euro in 1964 €1,124.37 euro today
€100 euro in 1964 €2,248.75 euro today
€500 euro in 1964 €11,243.73 euro today
€1,000 euro in 1964 €22,487.46 euro today
€5,000 euro in 1964 €112,437.32 euro today
€10,000 euro in 1964 €224,874.64 euro today
€50,000 euro in 1964 €1,124,373.22 euro today
€100,000 euro in 1964 €2,248,746.45 euro today
€500,000 euro in 1964 €11,243,732.23 euro today
€1,000,000 euro in 1964 €22,487,464.45 euro today

Value of Euro in time (by year)

Period Value
1964 100
1965 105.8
1966 109.32
1967 111.89
1968 115.28
1969 116.38
1970 121.23
1971 127.74
1972 133.63
1973 143.48
1974 161.45
1975 201
1976 223.59
1977 269.42
1978 307.31
1979 342.95
1980 407.5
1981 487.17
1982 575.42
1983 670.03
1984 752.37
1985 822.87
1986 896.01
1987 933.23
1988 981.71
1989 1,034.52
1990 1,099.45
1991 1,172.17
1992 1,241.09
1993 1,301.55
1994 1,358.59
1995 1,413.34
1996 1,492.05
1997 1,534.79
1998 1,564.03
1999 1,590.34
2000 1,623.96
2001 1,667.81
2002 1,707.28
2003 1,755.51
2004 1,799.36
2005 1,835.91
2006 1,872.45
2007 1,907.53
2008 1,957.23
2009 2,001.08
2010 2,021.54
2011 2,059.55
2012 2,127.25
2013 2,176.29
2014 2,190.6
2015 2,190.6
2016 2,192.64
2017 2,203.32
2018 2,223.09
2019 2,247.25
Today 2,248.75