Value of 1976 Euro (Italy) today

€100 in 1976

€1,006.09 today

The inflation rate in Italy between 1976 and today has been 906.09%, which translates into a total increase of €906.09. This means that 100 euro in 1976 are equivalent to 1,006.09 euro in 2018. In other words, the purchasing power of €100 in 1976 equals €1,006.09 today. The average annual inflation rate has been 5.52%.

Inflation timeline in Italy (1976-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1976-2018) 894.29%
Total Inflation* 906.09%
Annual inflation avg. (1976-2018) 5.62%
Annual inflation avg.* 5.52%
CPI 1976 10.18
CPI 2018 101.2
CPI today* 102.4
€1 in 1976 €9.94 in 2018

* 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 42 years between 1976 and 2018 and the average inflation rate has been 5.5157%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.06)42 = €994.29

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 1976 was 10.18 and the CPI today is 102.4. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
101.2/10.18
= €994.29

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1976 €10.06 euro today
€5 euro in 1976 €50.3 euro today
€10 euro in 1976 €100.61 euro today
€50 euro in 1976 €503.04 euro today
€100 euro in 1976 €1,006.09 euro today
€500 euro in 1976 €5,030.43 euro today
€1,000 euro in 1976 €10,060.85 euro today
€5,000 euro in 1976 €50,304.26 euro today
€10,000 euro in 1976 €100,608.52 euro today
€50,000 euro in 1976 €503,042.6 euro today
€100,000 euro in 1976 €1,006,085.21 euro today
€500,000 euro in 1976 €5,030,426.05 euro today
€1,000,000 euro in 1976 €10,060,852.1 euro today

Value of Euro in time (by year)

Period Value
1976 100
1977 120.5
1978 137.45
1979 153.39
1980 182.26
1981 217.89
1982 257.36
1983 299.68
1984 336.5
1985 368.03
1986 400.74
1987 417.39
1988 439.08
1989 462.69
1990 491.73
1991 524.26
1992 555.09
1993 582.13
1994 607.64
1995 632.13
1996 667.33
1997 686.45
1998 699.52
1999 711.29
2000 726.32
2001 745.94
2002 763.59
2003 785.16
2004 804.78
2005 821.12
2006 837.46
2007 853.15
2008 875.38
2009 894.99
2010 904.15
2011 921.14
2012 951.43
2013 973.36
2014 979.76
2015 979.76
2016 980.67
2017 985.45
2018 994.29
Today 1,006.09