Value of 1966 Euro (Italy) today

€100 in 1966
€2,422.82 in 2024

The inflation rate in Italy between 1966 and today has been 2,322.82%, which translates into a total increase of €2,322.82. This means that 100 euro in 1966 are equivalent to 2,422.82 euro in 2024. In other words, the purchasing power of €100 in 1966 equals €2,422.82 today. The average annual inflation rate between these periods has been 5.65%.

Inflation timeline in Italy (1966 - 2024)

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 1966-2023 2,284.02%
Cumulative inflation 1966-today 2,322.82%
Avg. Annual inflation 1966-2023 5.72%
CPI 1966 5.02
CPI 2023 119.61
CPI 2024-08 (latest official data) 121.4
CPI today 121.55

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 1966 and 2023, use the corresponding CPI values:

Value2023
=Value1966 ×
CPI2023/CPI1966
=€ 100 ×
119.61/5.02
€2,384.02

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.55:

Valuetoday
=Value1966 ×
CPItoday/CPI1966
=€ 100 ×
121.55/5.02
€2,422.82

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 57 years between 1966 and 2023 and the average inflation rate was 5.7215%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.057215)57
€2,384.02

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1966 €23.84 euro in 2023
€5 euro in 1966 €119.2 euro in 2023
€10 euro in 1966 €238.4 euro in 2023
€50 euro in 1966 €1,192.01 euro in 2023
€100 euro in 1966 €2,384.02 euro in 2023
€500 euro in 1966 €11,920.1 euro in 2023
€1,000 euro in 1966 €23,840.21 euro in 2023
€5,000 euro in 1966 €119,201.04 euro in 2023
€10,000 euro in 1966 €238,402.08 euro in 2023
€50,000 euro in 1966 €1,192,010.38 euro in 2023
€100,000 euro in 1966 €2,384,020.75 euro in 2023
€500,000 euro in 1966 €11,920,103.77 euro in 2023
€1,000,000 euro in 1966 €23,840,207.55 euro in 2023
Cumulative inflation From 1966 2,322.82%
Avg. annual inflation From 1966 5.65%
CPI 1966 5.02
CPI today 121.55

Value of Euro over time (by year)

Period Value
1966 100
1967 103.73
1968 105.06
1969 107.85
1970 113.21
1971 118.63
1972 125.45
1973 139
1974 165.63
1975 193.71
1976 225.89
1977 264.59
1978 296.59
1979 340.48
1980 412.2
1981 486.26
1982 566.4
1983 649.36
1984 719.46
1985 785.69
1986 831.45
1987 870.92
1988 914.97
1989 972.25
1990 1,035.02
1991 1,099.71
1992 1,157.67
1993 1,211.23
1994 1,260.31
1995 1,326.29
1996 1,379.44
1997 1,407.62
1998 1,435.14
1999 1,459.01
2000 1,496.04
2001 1,537.7
2002 1,575.61
2003 1,617.72
2004 1,653.42
2005 1,686.25
2006 1,721.5
2007 1,753
2008 1,811.69
2009 1,825.73
2010 1,853.58
2011 1,905.12
2012 1,963.06
2013 1,987.01
2014 1,991.8
2015 1,992.57
2016 1,990.7
2017 2,015.12
2018 2,038.04
2019 2,050.49
2020 2,047.67
2021 2,086.04
2022 2,257.12
2023 2,384.02
2024-08 2,419.73
Today 2,422.82

All available years

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

1955 | 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 | 2022 | 2023 |

Other currencies: