Value of 1972 Euro (Italy) today

€100 in 1972
€1,908.73 in 2023

The inflation rate in Italy between 1972 and today has been 1,808.73%, which translates into a total increase of €1,808.73. This means that 100 euro in 1972 are equivalent to 1,908.73 euro in 2023. In other words, the purchasing power of €100 in 1972 equals €1,908.73 today. The average annual inflation rate between these periods has been 5.95%.

Inflation timeline in Italy (1972 - 2023)

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 1972-2022 1,699.17%
Cumulative inflation 1972-today 1,808.73%
Avg. Annual inflation 1972-2022 5.95%
CPI 1972 6.29
CPI 2022 113.24
CPI 2022-12 (latest official data) 119
CPI today 120.14

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 1972 and 2022, use the corresponding CPI values:

Value2022
=Value1972 ×
CPI2022/CPI1972
=€ 100 ×
113.24/6.29
€1,799.17

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.14:

Valuetoday
=Value1972 ×
CPItoday/CPI1972
=€ 100 ×
120.14/6.29
€1,908.73

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 50 years between 1972 and 2022 and the average inflation rate was 5.9501%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.059501)50
€1,799.17

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1972 €17.99 euro in 2022
€5 euro in 1972 €89.96 euro in 2022
€10 euro in 1972 €179.92 euro in 2022
€50 euro in 1972 €899.58 euro in 2022
€100 euro in 1972 €1,799.17 euro in 2022
€500 euro in 1972 €8,995.84 euro in 2022
€1,000 euro in 1972 €17,991.68 euro in 2022
€5,000 euro in 1972 €89,958.38 euro in 2022
€10,000 euro in 1972 €179,916.77 euro in 2022
€50,000 euro in 1972 €899,583.83 euro in 2022
€100,000 euro in 1972 €1,799,167.67 euro in 2022
€500,000 euro in 1972 €8,995,838.34 euro in 2022
€1,000,000 euro in 1972 €17,991,676.67 euro in 2022
Cumulative inflation From 1972 1,808.73%
Avg. annual inflation From 1972 5.95%
CPI 1972 6.29
CPI today 120.14

Value of Euro over time (by year)

Period Value
1972 100
1973 110.8
1974 132.03
1975 154.41
1976 180.06
1977 210.9
1978 236.41
1979 271.4
1980 328.56
1981 387.6
1982 451.48
1983 517.61
1984 573.48
1985 626.28
1986 662.75
1987 694.21
1988 729.33
1989 774.98
1990 825.02
1991 876.58
1992 922.79
1993 965.48
1994 1,004.6
1995 1,057.2
1996 1,099.56
1997 1,122.02
1998 1,143.96
1999 1,162.99
2000 1,192.5
2001 1,225.71
2002 1,255.93
2003 1,289.5
2004 1,317.95
2005 1,344.12
2006 1,372.22
2007 1,397.33
2008 1,444.11
2009 1,455.3
2010 1,477.5
2011 1,518.58
2012 1,564.77
2013 1,583.86
2014 1,587.68
2015 1,588.29
2016 1,586.8
2017 1,606.26
2018 1,624.53
2019 1,634.46
2020 1,632.21
2021 1,662.8
2022 1,799.17
2022-12 1,890.65
Today 1,908.73

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 | 2022 |

Other currencies: