Value of 1968 Euro (Italy) today

€100 in 1968
€2,283.83 in 2024

The inflation rate in Italy between 1968 and today has been 2,183.83%, which translates into a total increase of €2,183.83. This means that 100 euro in 1968 are equivalent to 2,283.83 euro in 2024. In other words, the purchasing power of €100 in 1968 equals €2,283.83 today. The average annual inflation rate between these periods has been 5.75%.

Inflation timeline in Italy (1968 - 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 1968-2023 2,169.24%
Cumulative inflation 1968-today 2,183.83%
Avg. Annual inflation 1968-2023 5.84%
CPI 1968 5.27
CPI 2023 119.61
CPI 2024-04 (latest official data) 120.3
CPI today 120.38

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 1968 and 2023, use the corresponding CPI values:

Value2023
=Value1968 ×
CPI2023/CPI1968
=€ 100 ×
119.61/5.27
€2,269.24

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.38:

Valuetoday
=Value1968 ×
CPItoday/CPI1968
=€ 100 ×
120.38/5.27
€2,283.83

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 55 years between 1968 and 2023 and the average inflation rate was 5.8406%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.058406)55
€2,269.24

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1968 €22.69 euro in 2023
€5 euro in 1968 €113.46 euro in 2023
€10 euro in 1968 €226.92 euro in 2023
€50 euro in 1968 €1,134.62 euro in 2023
€100 euro in 1968 €2,269.24 euro in 2023
€500 euro in 1968 €11,346.18 euro in 2023
€1,000 euro in 1968 €22,692.35 euro in 2023
€5,000 euro in 1968 €113,461.76 euro in 2023
€10,000 euro in 1968 €226,923.52 euro in 2023
€50,000 euro in 1968 €1,134,617.59 euro in 2023
€100,000 euro in 1968 €2,269,235.18 euro in 2023
€500,000 euro in 1968 €11,346,175.88 euro in 2023
€1,000,000 euro in 1968 €22,692,351.77 euro in 2023
Cumulative inflation From 1968 2,183.83%
Avg. annual inflation From 1968 5.75%
CPI 1968 5.27
CPI today 120.38

Value of Euro over time (by year)

Period Value
1968 100
1969 102.66
1970 107.76
1971 112.92
1972 119.41
1973 132.31
1974 157.66
1975 184.38
1976 215.02
1977 251.85
1978 282.31
1979 324.08
1980 392.35
1981 462.85
1982 539.13
1983 618.1
1984 684.82
1985 747.86
1986 791.41
1987 828.98
1988 870.92
1989 925.43
1990 985.18
1991 1,046.76
1992 1,101.93
1993 1,152.91
1994 1,199.63
1995 1,262.43
1996 1,313.02
1997 1,339.84
1998 1,366.04
1999 1,388.76
2000 1,424.01
2001 1,463.67
2002 1,499.75
2003 1,539.83
2004 1,573.81
2005 1,605.06
2006 1,638.62
2007 1,668.6
2008 1,724.46
2009 1,737.82
2010 1,764.33
2011 1,813.39
2012 1,868.54
2013 1,891.34
2014 1,895.9
2015 1,896.63
2016 1,894.85
2017 1,918.09
2018 1,939.91
2019 1,951.77
2020 1,949.08
2021 1,985.6
2022 2,148.45
2023 2,269.24
2024-04 2,282.36
Today 2,283.83

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: