Value of 1983 Euro (Italy) today

€100 in 1983

€335.57 in 2019

The inflation rate in Italy between 1983 and today has been 235.57%, which translates into a total increase of €235.57. This means that 100 euro in 1983 are equivalent to 335.57 euro in 2019. In other words, the purchasing power of €100 in 1983 equals €335.57 today. The average annual inflation rate has been 3.33%.

Inflation timeline in Italy (1983-2019)

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 (1983-2019) 235.39%
Total Inflation* 235.57%
Annual inflation avg. (1983-2019) 3.42%
Annual inflation avg.* 3.33%
CPI 1983 30.5
CPI 2019 102.3
CPI today* 102.35
€1 in 1983 €3.35 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 36 years between 1983 and 2019 and the average inflation rate has been 3.3261%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)36 = €335.39

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 1983 was 30.5 and the CPI today is 102.35. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.3/30.5
= €335.39

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €3.36 euro today
€5 euro in 1983 €16.78 euro today
€10 euro in 1983 €33.56 euro today
€50 euro in 1983 €167.78 euro today
€100 euro in 1983 €335.57 euro today
€500 euro in 1983 €1,677.83 euro today
€1,000 euro in 1983 €3,355.66 euro today
€5,000 euro in 1983 €16,778.32 euro today
€10,000 euro in 1983 €33,556.64 euro today
€50,000 euro in 1983 €167,783.19 euro today
€100,000 euro in 1983 €335,566.37 euro today
€500,000 euro in 1983 €1,677,831.87 euro today
€1,000,000 euro in 1983 €3,355,663.74 euro today

Value of Euro in time (by year)

Period Value
1983 100
1984 112.29
1985 122.81
1986 133.73
1987 139.28
1988 146.52
1989 154.4
1990 164.09
1991 174.94
1992 185.23
1993 194.25
1994 202.76
1995 210.94
1996 222.68
1997 229.06
1998 233.43
1999 237.35
2000 242.37
2001 248.91
2002 254.8
2003 262
2004 268.55
2005 274
2006 279.46
2007 284.69
2008 292.11
2009 298.65
2010 301.71
2011 307.38
2012 317.48
2013 324.8
2014 326.94
2015 326.94
2016 327.24
2017 328.84
2018 331.79
2019 335.39
Today 335.57