Value of 1983 Euro (Italy) today

€100 in 1983
€341.69 in 2022

The inflation rate in Italy between 1983 and today has been 241.69%, which translates into a total increase of €241.69. This means that 100 euro in 1983 are equivalent to 341.69 euro in 2022. In other words, the purchasing power of €100 in 1983 equals €341.69 today. The average annual inflation rate between these periods has been 3.2%.

Inflation timeline in Italy (1983 - 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 1983-2021 221.24%
Cumulative inflation 1983-today 241.69%
Avg. Annual inflation 1983-2021 3.12%
CPI 1983 32.58
CPI 2021 104.66
CPI 2022-03 (latest official data) 110.4
CPI today 111.32

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 1983 and 2021, use the corresponding CPI values:

Value2021
=Value1983 ×
CPI2021/CPI1983
=€ 100 ×
104.66/32.58
€321.24

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 111.32:

Valuetoday
=Value1983 ×
CPItoday/CPI1983
=€ 100 ×
111.32/32.58
€341.69

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 38 years between 1983 and 2021 and the average inflation rate was 3.1188%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.031188)38
€321.24

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €3.21 euro in 2021
€5 euro in 1983 €16.06 euro in 2021
€10 euro in 1983 €32.12 euro in 2021
€50 euro in 1983 €160.62 euro in 2021
€100 euro in 1983 €321.24 euro in 2021
€500 euro in 1983 €1,606.22 euro in 2021
€1,000 euro in 1983 €3,212.44 euro in 2021
€5,000 euro in 1983 €16,062.22 euro in 2021
€10,000 euro in 1983 €32,124.45 euro in 2021
€50,000 euro in 1983 €160,622.23 euro in 2021
€100,000 euro in 1983 €321,244.47 euro in 2021
€500,000 euro in 1983 €1,606,222.35 euro in 2021
€1,000,000 euro in 1983 €3,212,444.7 euro in 2021
Cumulative inflation From 1983 241.69%
Avg. annual inflation From 1983 3.2%
CPI 1983 32.58
CPI today 111.32

Value of Euro over time (by year)

Period Value
1983 100
1984 110.79
1985 120.99
1986 128.04
1987 134.12
1988 140.9
1989 149.72
1990 159.39
1991 169.35
1992 178.28
1993 186.53
1994 194.08
1995 204.25
1996 212.43
1997 216.77
1998 221.01
1999 224.68
2000 230.39
2001 236.8
2002 242.64
2003 249.12
2004 254.62
2005 259.68
2006 265.11
2007 269.96
2008 279
2009 281.16
2010 285.45
2011 293.38
2012 302.31
2013 305.99
2014 306.73
2015 306.85
2016 306.56
2017 310.32
2018 313.85
2019 315.77
2020 315.34
2021 321.24
2022-03 338.87
Today 341.69

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: