Value of 1977 Euro (Italy) today

€100 in 1977

€834.5 in 2019

The inflation rate in Italy between 1977 and today has been 734.5%, which translates into a total increase of €734.5. This means that 100 euro in 1977 are equivalent to 834.5 euro in 2019. In other words, the purchasing power of €100 in 1977 equals €834.5 today. The average annual inflation rate has been 5.06%.

Inflation timeline in Italy (1977-2019)

The following chart depicts the equivalence of €100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1977-2019) 734.09%
Total Inflation* 734.5%
Annual inflation avg. (1977-2019) 5.18%
Annual inflation avg.* 5.06%
CPI 1977 12.26
CPI 2019 102.3
CPI today* 102.35
€1 in 1977 €8.34 in 2019

* 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 1977 and 2019 and the average inflation rate has been 5.0578%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)42 = €834.09

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 1977 was 12.26 and the CPI today is 102.35. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.3/12.26
= €834.09

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1977 €8.34 euro today
€5 euro in 1977 €41.72 euro today
€10 euro in 1977 €83.45 euro today
€50 euro in 1977 €417.25 euro today
€100 euro in 1977 €834.5 euro today
€500 euro in 1977 €4,172.49 euro today
€1,000 euro in 1977 €8,344.98 euro today
€5,000 euro in 1977 €41,724.9 euro today
€10,000 euro in 1977 €83,449.79 euro today
€50,000 euro in 1977 €417,248.97 euro today
€100,000 euro in 1977 €834,497.94 euro today
€500,000 euro in 1977 €4,172,489.72 euro today
€1,000,000 euro in 1977 €8,344,979.43 euro today

Value of Euro in time (by year)

Period Value
1977 100
1978 114.06
1979 127.29
1980 151.25
1981 180.82
1982 213.57
1983 248.69
1984 279.25
1985 305.42
1986 332.56
1987 346.38
1988 364.37
1989 383.97
1990 408.07
1991 435.06
1992 460.65
1993 483.09
1994 504.26
1995 524.58
1996 553.79
1997 569.66
1998 580.51
1999 590.27
2000 602.75
2001 619.03
2002 633.68
2003 651.58
2004 667.86
2005 681.42
2006 694.98
2007 708
2008 726.45
2009 742.72
2010 750.32
2011 764.43
2012 789.55
2013 807.76
2014 813.07
2015 813.07
2016 813.83
2017 817.79
2018 825.13
2019 834.09
Today 834.5