Value of 1978 Euro (Italy) today

€100 in 1978

€731.71 in 2019

The inflation rate in Italy between 1978 and today has been 631.71%, which translates into a total increase of €631.71. This means that 100 euro in 1978 are equivalent to 731.71 euro in 2019. In other words, the purchasing power of €100 in 1978 equals €731.71 today. The average annual inflation rate has been 4.85%.

Inflation timeline in Italy (1978-2019)

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 (1978-2019) 631.27%
Total Inflation* 631.71%
Annual inflation avg. (1978-2019) 4.97%
Annual inflation avg.* 4.85%
CPI 1978 13.99
CPI 2019 102.3
CPI today* 102.36
€1 in 1978 €7.31 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 41 years between 1978 and 2019 and the average inflation rate has been 4.8527%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.05)41 = €731.27

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 1978 was 13.99 and the CPI today is 102.36. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.3/13.99
= €731.27

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €7.32 euro today
€5 euro in 1978 €36.59 euro today
€10 euro in 1978 €73.17 euro today
€50 euro in 1978 €365.86 euro today
€100 euro in 1978 €731.71 euro today
€500 euro in 1978 €3,658.56 euro today
€1,000 euro in 1978 €7,317.12 euro today
€5,000 euro in 1978 €36,585.61 euro today
€10,000 euro in 1978 €73,171.22 euro today
€50,000 euro in 1978 €365,856.08 euro today
€100,000 euro in 1978 €731,712.16 euro today
€500,000 euro in 1978 €3,658,560.81 euro today
€1,000,000 euro in 1978 €7,317,121.62 euro today

Value of Euro in time (by year)

Period Value
1978 100
1979 111.6
1980 132.6
1981 158.53
1982 187.25
1983 218.03
1984 244.82
1985 267.77
1986 291.57
1987 303.68
1988 319.45
1989 336.64
1990 357.77
1991 381.43
1992 403.86
1993 423.53
1994 442.09
1995 459.91
1996 485.52
1997 499.43
1998 508.94
1999 517.51
2000 528.45
2001 542.72
2002 555.56
2003 571.25
2004 585.52
2005 597.42
2006 609.31
2007 620.72
2008 636.89
2009 651.16
2010 657.82
2011 670.19
2012 692.22
2013 708.18
2014 712.83
2015 712.83
2016 713.5
2017 716.97
2018 723.41
2019 731.27
Today 731.71