Value of 1974 Euro (Italy) today

€100 in 1974
€1,345.16 in 2022

The inflation rate in Italy between 1974 and today has been 1,245.16%, which translates into a total increase of €1,245.16. This means that 100 euro in 1974 are equivalent to 1,345.16 euro in 2022. In other words, the purchasing power of €100 in 1974 equals €1,345.16 today. The average annual inflation rate between these periods has been 5.56%.

Inflation timeline in Italy (1974 - 2022)

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 1974-2021 1,159.43%
Cumulative inflation 1974-today 1,245.16%
Avg. Annual inflation 1974-2021 5.54%
CPI 1974 8.31
CPI 2021 104.66
CPI 2022-05 (latest official data) 111.2
CPI today 111.78

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 1974 and 2021, use the corresponding CPI values:

Value2021
=Value1974 ×
CPI2021/CPI1974
=€ 100 ×
104.66/8.31
€1,259.43

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 111.78:

Valuetoday
=Value1974 ×
CPItoday/CPI1974
=€ 100 ×
111.78/8.31
€1,345.16

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 47 years between 1974 and 2021 and the average inflation rate was 5.5378%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.055378)47
€1,259.43

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1974 €12.59 euro in 2021
€5 euro in 1974 €62.97 euro in 2021
€10 euro in 1974 €125.94 euro in 2021
€50 euro in 1974 €629.72 euro in 2021
€100 euro in 1974 €1,259.43 euro in 2021
€500 euro in 1974 €6,297.16 euro in 2021
€1,000 euro in 1974 €12,594.33 euro in 2021
€5,000 euro in 1974 €62,971.63 euro in 2021
€10,000 euro in 1974 €125,943.27 euro in 2021
€50,000 euro in 1974 €629,716.33 euro in 2021
€100,000 euro in 1974 €1,259,432.66 euro in 2021
€500,000 euro in 1974 €6,297,163.31 euro in 2021
€1,000,000 euro in 1974 €12,594,326.61 euro in 2021
Cumulative inflation From 1974 1,245.16%
Avg. annual inflation From 1974 5.56%
CPI 1974 8.31
CPI today 111.78

Value of Euro over time (by year)

Period Value
1974 100
1975 116.95
1976 136.38
1977 159.74
1978 179.06
1979 205.56
1980 248.86
1981 293.58
1982 341.96
1983 392.05
1984 434.37
1985 474.36
1986 501.98
1987 525.81
1988 552.41
1989 586.99
1990 624.89
1991 663.94
1992 698.94
1993 731.27
1994 760.9
1995 800.74
1996 832.83
1997 849.84
1998 866.46
1999 880.87
2000 903.22
2001 928.38
2002 951.27
2003 976.69
2004 998.24
2005 1,018.06
2006 1,039.35
2007 1,058.36
2008 1,093.8
2009 1,102.27
2010 1,119.09
2011 1,150.2
2012 1,185.19
2013 1,199.64
2014 1,202.54
2015 1,203
2016 1,201.87
2017 1,216.61
2018 1,230.45
2019 1,237.97
2020 1,236.27
2021 1,259.43
2022-05 1,338.15
Today 1,345.16

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 |

Other currencies: