Value of 1980 Euro (Italy) today

€100 in 1980
€579.16 in 2024

The inflation rate in Italy between 1980 and today has been 479.16%, which translates into a total increase of €479.16. This means that 100 euro in 1980 are equivalent to 579.16 euro in 2024. In other words, the purchasing power of €100 in 1980 equals €579.16 today. The average annual inflation rate between these periods has been 4.07%.

Inflation timeline in Italy (1980 - 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 1980-2023 478.37%
Cumulative inflation 1980-today 479.16%
Avg. Annual inflation 1980-2023 4.17%
CPI 1980 20.68
CPI 2023 119.61
CPI 2023-12 (latest official data) 119.7
CPI today 119.77

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 1980 and 2023, use the corresponding CPI values:

Value2023
=Value1980 ×
CPI2023/CPI1980
=€ 100 ×
119.61/20.68
€578.37

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 119.77:

Valuetoday
=Value1980 ×
CPItoday/CPI1980
=€ 100 ×
119.77/20.68
€579.16

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 1980 and 2023 and the average inflation rate was 4.1659%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.041659)43
€578.37

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1980 €5.78 euro in 2023
€5 euro in 1980 €28.92 euro in 2023
€10 euro in 1980 €57.84 euro in 2023
€50 euro in 1980 €289.19 euro in 2023
€100 euro in 1980 €578.37 euro in 2023
€500 euro in 1980 €2,891.85 euro in 2023
€1,000 euro in 1980 €5,783.71 euro in 2023
€5,000 euro in 1980 €28,918.54 euro in 2023
€10,000 euro in 1980 €57,837.08 euro in 2023
€50,000 euro in 1980 €289,185.41 euro in 2023
€100,000 euro in 1980 €578,370.82 euro in 2023
€500,000 euro in 1980 €2,891,854.1 euro in 2023
€1,000,000 euro in 1980 €5,783,708.19 euro in 2023
Cumulative inflation From 1980 479.16%
Avg. annual inflation From 1980 4.07%
CPI 1980 20.68
CPI today 119.77

Value of Euro over time (by year)

Period Value
1980 100
1981 117.97
1982 137.41
1983 157.54
1984 174.54
1985 190.61
1986 201.71
1987 211.29
1988 221.97
1989 235.87
1990 251.1
1991 266.79
1992 280.85
1993 293.85
1994 305.75
1995 321.76
1996 334.66
1997 341.49
1998 348.17
1999 353.96
2000 362.94
2001 373.05
2002 382.25
2003 392.46
2004 401.13
2005 409.09
2006 417.64
2007 425.28
2008 439.52
2009 442.93
2010 449.68
2011 462.19
2012 476.24
2013 482.05
2014 483.22
2015 483.4
2016 482.95
2017 488.87
2018 494.43
2019 497.46
2020 496.77
2021 506.08
2022 547.58
2023 578.37
2023-12 578.81
Today 579.16

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: