Value of 1967 Euro (Italy) today

€100 in 1967

€2,009.71 in 2019

The inflation rate in Italy between 1967 and today has been 1,909.71%, which translates into a total increase of €1,909.71. This means that 100 euro in 1967 are equivalent to 2,009.71 euro in 2019. In other words, the purchasing power of €100 in 1967 equals €2,009.71 today. The average annual inflation rate has been 5.82%.

Inflation timeline in Italy (1967-2019)

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 (1967-2019) 1,908.37%
Total Inflation* 1,909.71%
Annual inflation avg. (1967-2019) 5.94%
Annual inflation avg.* 5.82%
CPI 1967 5.09
CPI 2019 102.3
CPI today* 102.37
€1 in 1967 €20.08 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 52 years between 1967 and 2019 and the average inflation rate has been 5.8248%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.06)52 = €2,008.37

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 1967 was 5.09 and the CPI today is 102.37. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.3/5.09
= €2,008.37

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1967 €20.1 euro today
€5 euro in 1967 €100.49 euro today
€10 euro in 1967 €200.97 euro today
€50 euro in 1967 €1,004.85 euro today
€100 euro in 1967 €2,009.71 euro today
€500 euro in 1967 €10,048.53 euro today
€1,000 euro in 1967 €20,097.06 euro today
€5,000 euro in 1967 €100,485.32 euro today
€10,000 euro in 1967 €200,970.64 euro today
€50,000 euro in 1967 €1,004,853.2 euro today
€100,000 euro in 1967 €2,009,706.4 euro today
€500,000 euro in 1967 €10,048,532.02 euro today
€1,000,000 euro in 1967 €20,097,064.05 euro today

Value of Euro in time (by year)

Period Value
1967 100
1968 103.03
1969 104.01
1970 108.35
1971 114.16
1972 119.42
1973 128.23
1974 144.29
1975 179.64
1976 199.82
1977 240.78
1978 274.64
1979 306.49
1980 364.18
1981 435.39
1982 514.25
1983 598.81
1984 672.39
1985 735.4
1986 800.76
1987 834.03
1988 877.36
1989 924.55
1990 982.58
1991 1,047.57
1992 1,109.17
1993 1,163.2
1994 1,214.17
1995 1,263.11
1996 1,333.45
1997 1,371.65
1998 1,397.77
1999 1,421.29
2000 1,451.33
2001 1,490.52
2002 1,525.79
2003 1,568.9
2004 1,608.09
2005 1,640.75
2006 1,673.41
2007 1,704.76
2008 1,749.18
2009 1,788.37
2010 1,806.65
2011 1,840.62
2012 1,901.13
2013 1,944.96
2014 1,957.74
2015 1,957.74
2016 1,959.57
2017 1,969.11
2018 1,986.78
2019 2,008.37
Today 2,009.71