Value of 1977 Euro (Italy) today

€100 in 1977
€906.1 in 2024

The inflation rate in Italy between 1977 and today has been 806.1%, which translates into a total increase of €806.1. This means that 100 euro in 1977 are equivalent to 906.1 euro in 2024. In other words, the purchasing power of €100 in 1977 equals €906.1 today. The average annual inflation rate between these periods has been 4.8%.

Inflation timeline in Italy (1977 - 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 1977-2023 801.03%
Cumulative inflation 1977-today 806.1%
Avg. Annual inflation 1977-2023 4.9%
CPI 1977 13.27
CPI 2023 119.61
CPI 2024-03 (latest official data) 120.2
CPI today 120.28

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 1977 and 2023, use the corresponding CPI values:

Value2023
=Value1977 ×
CPI2023/CPI1977
=€ 100 ×
119.61/13.27
€901.03

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.28:

Valuetoday
=Value1977 ×
CPItoday/CPI1977
=€ 100 ×
120.28/13.27
€906.1

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 1977 and 2023 and the average inflation rate was 4.8951%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.048951)46
€901.03

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1977 €9.01 euro in 2023
€5 euro in 1977 €45.05 euro in 2023
€10 euro in 1977 €90.1 euro in 2023
€50 euro in 1977 €450.52 euro in 2023
€100 euro in 1977 €901.03 euro in 2023
€500 euro in 1977 €4,505.17 euro in 2023
€1,000 euro in 1977 €9,010.33 euro in 2023
€5,000 euro in 1977 €45,051.67 euro in 2023
€10,000 euro in 1977 €90,103.33 euro in 2023
€50,000 euro in 1977 €450,516.66 euro in 2023
€100,000 euro in 1977 €901,033.33 euro in 2023
€500,000 euro in 1977 €4,505,166.65 euro in 2023
€1,000,000 euro in 1977 €9,010,333.29 euro in 2023
Cumulative inflation From 1977 806.1%
Avg. annual inflation From 1977 4.8%
CPI 1977 13.27
CPI today 120.28

Value of Euro over time (by year)

Period Value
1977 100
1978 112.09
1979 128.68
1980 155.79
1981 183.78
1982 214.07
1983 245.42
1984 271.92
1985 296.95
1986 314.24
1987 329.16
1988 345.81
1989 367.46
1990 391.18
1991 415.63
1992 437.54
1993 457.78
1994 476.33
1995 501.27
1996 521.35
1997 532.01
1998 542.41
1999 551.43
2000 565.42
2001 581.17
2002 595.5
2003 611.41
2004 624.91
2005 637.31
2006 650.64
2007 662.54
2008 684.72
2009 690.03
2010 700.55
2011 720.03
2012 741.93
2013 750.98
2014 752.79
2015 753.09
2016 752.38
2017 761.61
2018 770.27
2019 774.98
2020 773.91
2021 788.41
2022 853.07
2023 901.03
2024-03 905.49
Today 906.1

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 | 2023 |

Other currencies: