Value of 1978 Euro (Italy) today

€100 in 1978
€799.35 in 2022

The inflation rate in Italy between 1978 and today has been 699.35%, which translates into a total increase of €699.35. This means that 100 euro in 1978 are equivalent to 799.35 euro in 2022. In other words, the purchasing power of €100 in 1978 equals €799.35 today. The average annual inflation rate between these periods has been 4.84%.

Inflation timeline in Italy (1978 - 2022)

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 1978-2021 603.35%
Cumulative inflation 1978-today 699.35%
Avg. Annual inflation 1978-2021 4.64%
CPI 1978 14.88
CPI 2021 104.66
CPI 2022-10 (latest official data) 118.1
CPI today 118.94

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 1978 and 2021, use the corresponding CPI values:

Value2021
=Value1978 ×
CPI2021/CPI1978
=€ 100 ×
104.66/14.88
€703.35

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.94:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=€ 100 ×
118.94/14.88
€799.35

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 43 years between 1978 and 2021 and the average inflation rate was 4.6409%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.046409)43
€703.35

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €7.03 euro in 2021
€5 euro in 1978 €35.17 euro in 2021
€10 euro in 1978 €70.33 euro in 2021
€50 euro in 1978 €351.67 euro in 2021
€100 euro in 1978 €703.35 euro in 2021
€500 euro in 1978 €3,516.74 euro in 2021
€1,000 euro in 1978 €7,033.49 euro in 2021
€5,000 euro in 1978 €35,167.44 euro in 2021
€10,000 euro in 1978 €70,334.88 euro in 2021
€50,000 euro in 1978 €351,674.4 euro in 2021
€100,000 euro in 1978 €703,348.79 euro in 2021
€500,000 euro in 1978 €3,516,743.95 euro in 2021
€1,000,000 euro in 1978 €7,033,487.9 euro in 2021
Cumulative inflation From 1978 699.35%
Avg. annual inflation From 1978 4.84%
CPI 1978 14.88
CPI today 118.94

Value of Euro over time (by year)

Period Value
1978 100
1979 114.8
1980 138.98
1981 163.95
1982 190.97
1983 218.95
1984 242.58
1985 264.91
1986 280.34
1987 293.65
1988 308.5
1989 327.81
1990 348.98
1991 370.79
1992 390.33
1993 408.39
1994 424.94
1995 447.18
1996 465.1
1997 474.61
1998 483.88
1999 491.93
2000 504.42
2001 518.47
2002 531.25
2003 545.45
2004 557.48
2005 568.55
2006 580.44
2007 591.06
2008 610.85
2009 615.58
2010 624.97
2011 642.35
2012 661.88
2013 669.96
2014 671.57
2015 671.83
2016 671.2
2017 679.44
2018 687.16
2019 691.36
2020 690.41
2021 703.35
2022-10 793.68
Today 799.35

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 |

Other currencies: