Value of 1984 Euro (Italy) today

€100 in 1984
€333.25 in 2023

The inflation rate in Italy between 1984 and today has been 233.25%, which translates into a total increase of €233.25. This means that 100 euro in 1984 are equivalent to 333.25 euro in 2023. In other words, the purchasing power of €100 in 1984 equals €333.25 today. The average annual inflation rate between these periods has been 3.13%.

Inflation timeline in Italy (1984 - 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 1984-2022 213.73%
Cumulative inflation 1984-today 233.25%
Avg. Annual inflation 1984-2022 3.05%
CPI 1984 36.1
CPI 2022 113.24
CPI 2022-12 (latest official data) 119
CPI today 120.29

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 1984 and 2022, use the corresponding CPI values:

Value2022
=Value1984 ×
CPI2022/CPI1984
=€ 100 ×
113.24/36.1
€313.73

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.29:

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=€ 100 ×
120.29/36.1
€333.25

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 1984 and 2022 and the average inflation rate was 3.0545%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.030545)38
€313.73

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1984 €3.14 euro in 2022
€5 euro in 1984 €15.69 euro in 2022
€10 euro in 1984 €31.37 euro in 2022
€50 euro in 1984 €156.86 euro in 2022
€100 euro in 1984 €313.73 euro in 2022
€500 euro in 1984 €1,568.63 euro in 2022
€1,000 euro in 1984 €3,137.26 euro in 2022
€5,000 euro in 1984 €15,686.29 euro in 2022
€10,000 euro in 1984 €31,372.58 euro in 2022
€50,000 euro in 1984 €156,862.88 euro in 2022
€100,000 euro in 1984 €313,725.77 euro in 2022
€500,000 euro in 1984 €1,568,628.84 euro in 2022
€1,000,000 euro in 1984 €3,137,257.67 euro in 2022
Cumulative inflation From 1984 233.25%
Avg. annual inflation From 1984 3.13%
CPI 1984 36.1
CPI today 120.29

Value of Euro over time (by year)

Period Value
1984 100
1985 109.21
1986 115.57
1987 121.05
1988 127.17
1989 135.14
1990 143.86
1991 152.85
1992 160.91
1993 168.35
1994 175.17
1995 184.35
1996 191.73
1997 195.65
1998 199.48
1999 202.79
2000 207.94
2001 213.73
2002 219
2003 224.85
2004 229.82
2005 234.38
2006 239.28
2007 243.66
2008 251.81
2009 253.76
2010 257.64
2011 264.8
2012 272.85
2013 276.18
2014 276.85
2015 276.95
2016 276.69
2017 280.09
2018 283.27
2019 285.01
2020 284.61
2021 289.95
2022 313.73
2022-12 329.68
Today 333.25

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: