Value of 1976 Euro (Italy) today

€100 in 1976
€1,062.73 in 2023

The inflation rate in Italy between 1976 and today has been 962.73%, which translates into a total increase of €962.73. This means that 100 euro in 1976 are equivalent to 1,062.73 euro in 2023. In other words, the purchasing power of €100 in 1976 equals €1,062.73 today. The average annual inflation rate between these periods has been 5.16%.

Inflation timeline in Italy (1976 - 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 1976-2022 899.2%
Cumulative inflation 1976-today 962.73%
Avg. Annual inflation 1976-2022 5.13%
CPI 1976 11.33
CPI 2022 113.24
CPI 2022-12 (latest official data) 119
CPI today 120.44

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 1976 and 2022, use the corresponding CPI values:

Value2022
=Value1976 ×
CPI2022/CPI1976
=€ 100 ×
113.24/11.33
€999.2

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.44:

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=€ 100 ×
120.44/11.33
€1,062.73

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 46 years between 1976 and 2022 and the average inflation rate was 5.1312%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.051312)46
€999.2

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1976 €9.99 euro in 2022
€5 euro in 1976 €49.96 euro in 2022
€10 euro in 1976 €99.92 euro in 2022
€50 euro in 1976 €499.6 euro in 2022
€100 euro in 1976 €999.2 euro in 2022
€500 euro in 1976 €4,996.02 euro in 2022
€1,000 euro in 1976 €9,992.04 euro in 2022
€5,000 euro in 1976 €49,960.21 euro in 2022
€10,000 euro in 1976 €99,920.41 euro in 2022
€50,000 euro in 1976 €499,602.05 euro in 2022
€100,000 euro in 1976 €999,204.11 euro in 2022
€500,000 euro in 1976 €4,996,020.54 euro in 2022
€1,000,000 euro in 1976 €9,992,041.08 euro in 2022
Cumulative inflation From 1976 962.73%
Avg. annual inflation From 1976 5.16%
CPI 1976 11.33
CPI today 120.44

Value of Euro over time (by year)

Period Value
1976 100
1977 117.13
1978 131.3
1979 150.73
1980 182.47
1981 215.26
1982 250.74
1983 287.47
1984 318.5
1985 347.82
1986 368.07
1987 385.55
1988 405.05
1989 430.4
1990 458.19
1991 486.83
1992 512.49
1993 536.2
1994 557.93
1995 587.13
1996 610.66
1997 623.14
1998 635.32
1999 645.89
2000 662.28
2001 680.73
2002 697.51
2003 716.15
2004 731.95
2005 746.48
2006 762.09
2007 776.04
2008 802.02
2009 808.23
2010 820.56
2011 843.38
2012 869.03
2013 879.63
2014 881.75
2015 882.09
2016 881.26
2017 892.07
2018 902.22
2019 907.73
2020 906.48
2021 923.47
2022 999.2
2022-12 1,050.01
Today 1,062.73

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: