Value of 1981 Euro (Italy) today

€100 in 1981
€493.53 in 2023

The inflation rate in Italy between 1981 and today has been 393.53%, which translates into a total increase of €393.53. This means that 100 euro in 1981 are equivalent to 493.53 euro in 2023. In other words, the purchasing power of €100 in 1981 equals €493.53 today. The average annual inflation rate between these periods has been 3.87%.

Inflation timeline in Italy (1981 - 2023)

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 1981-2022 364.18%
Cumulative inflation 1981-today 393.53%
Avg. Annual inflation 1981-2022 3.82%
CPI 1981 24.4
CPI 2022 113.24
CPI 2022-12 (latest official data) 119
CPI today 120.4

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 1981 and 2022, use the corresponding CPI values:

Value2022
=Value1981 ×
CPI2022/CPI1981
=€ 100 ×
113.24/24.4
€464.18

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.4:

Valuetoday
=Value1981 ×
CPItoday/CPI1981
=€ 100 ×
120.4/24.4
€493.53

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 41 years between 1981 and 2022 and the average inflation rate was 3.8151%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.038151)41
€464.18

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1981 €4.64 euro in 2022
€5 euro in 1981 €23.21 euro in 2022
€10 euro in 1981 €46.42 euro in 2022
€50 euro in 1981 €232.09 euro in 2022
€100 euro in 1981 €464.18 euro in 2022
€500 euro in 1981 €2,320.88 euro in 2022
€1,000 euro in 1981 €4,641.76 euro in 2022
€5,000 euro in 1981 €23,208.79 euro in 2022
€10,000 euro in 1981 €46,417.57 euro in 2022
€50,000 euro in 1981 €232,087.86 euro in 2022
€100,000 euro in 1981 €464,175.72 euro in 2022
€500,000 euro in 1981 €2,320,878.58 euro in 2022
€1,000,000 euro in 1981 €4,641,757.15 euro in 2022
Cumulative inflation From 1981 393.53%
Avg. annual inflation From 1981 3.87%
CPI 1981 24.4
CPI today 120.4

Value of Euro over time (by year)

Period Value
1981 100
1982 116.48
1983 133.54
1984 147.96
1985 161.58
1986 170.99
1987 179.1
1988 188.16
1989 199.94
1990 212.85
1991 226.15
1992 238.07
1993 249.09
1994 259.18
1995 272.75
1996 283.68
1997 289.48
1998 295.14
1999 300.04
2000 307.66
2001 316.23
2002 324.02
2003 332.68
2004 340.02
2005 346.78
2006 354.03
2007 360.5
2008 372.57
2009 375.46
2010 381.19
2011 391.79
2012 403.7
2013 408.63
2014 409.61
2015 409.77
2016 409.39
2017 414.41
2018 419.12
2019 421.68
2020 421.1
2021 428.99
2022 464.18
2022-12 487.78
Today 493.53

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 |

Other currencies: