Value of 1979 Euro (Italy) today

€100 in 1979
€654.38 in 2022

The inflation rate in Italy between 1979 and today has been 554.38%, which translates into a total increase of €554.38. This means that 100 euro in 1979 are equivalent to 654.38 euro in 2022. In other words, the purchasing power of €100 in 1979 equals €654.38 today. The average annual inflation rate between these periods has been 4.47%.

Inflation timeline in Italy (1979 - 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 1979-2021 512.68%
Cumulative inflation 1979-today 554.38%
Avg. Annual inflation 1979-2021 4.41%
CPI 1979 17.08
CPI 2021 104.66
CPI 2022-05 (latest official data) 111.2
CPI today 111.78

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 1979 and 2021, use the corresponding CPI values:

Value2021
=Value1979 ×
CPI2021/CPI1979
=€ 100 ×
104.66/17.08
€612.68

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 111.78:

Valuetoday
=Value1979 ×
CPItoday/CPI1979
=€ 100 ×
111.78/17.08
€654.38

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 42 years between 1979 and 2021 and the average inflation rate was 4.4104%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.044104)42
€612.68

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1979 €6.13 euro in 2021
€5 euro in 1979 €30.63 euro in 2021
€10 euro in 1979 €61.27 euro in 2021
€50 euro in 1979 €306.34 euro in 2021
€100 euro in 1979 €612.68 euro in 2021
€500 euro in 1979 €3,063.4 euro in 2021
€1,000 euro in 1979 €6,126.81 euro in 2021
€5,000 euro in 1979 €30,634.03 euro in 2021
€10,000 euro in 1979 €61,268.07 euro in 2021
€50,000 euro in 1979 €306,340.35 euro in 2021
€100,000 euro in 1979 €612,680.69 euro in 2021
€500,000 euro in 1979 €3,063,403.47 euro in 2021
€1,000,000 euro in 1979 €6,126,806.94 euro in 2021
Cumulative inflation From 1979 554.38%
Avg. annual inflation From 1979 4.47%
CPI 1979 17.08
CPI today 111.78

Value of Euro over time (by year)

Period Value
1979 100
1980 121.06
1981 142.82
1982 166.36
1983 190.72
1984 211.31
1985 230.76
1986 244.2
1987 255.79
1988 268.73
1989 285.55
1990 303.99
1991 322.99
1992 340.01
1993 355.75
1994 370.16
1995 389.54
1996 405.15
1997 413.42
1998 421.51
1999 428.52
2000 439.39
2001 451.63
2002 462.77
2003 475.13
2004 485.62
2005 495.26
2006 505.61
2007 514.87
2008 532.1
2009 536.23
2010 544.41
2011 559.54
2012 576.56
2013 583.6
2014 585
2015 585.23
2016 584.68
2017 591.85
2018 598.58
2019 602.24
2020 601.41
2021 612.68
2022-05 650.98
Today 654.38

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: