Value of 1987 Euro (Italy) today

€100 in 1987

€240.92 in 2019

The inflation rate in Italy between 1987 and today has been 140.92%, which translates into a total increase of €140.92. This means that 100 euro in 1987 are equivalent to 240.92 euro in 2019. In other words, the purchasing power of €100 in 1987 equals €240.92 today. The average annual inflation rate has been 2.7%.

Inflation timeline in Italy (1987-2019)

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 (1987-2019) 140.8%
Total Inflation* 140.92%
Annual inflation avg. (1987-2019) 2.78%
Annual inflation avg.* 2.7%
CPI 1987 42.48
CPI 2019 102.3
CPI today* 102.35
€1 in 1987 €2.41 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 32 years between 1987 and 2019 and the average inflation rate has been 2.7003%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.03)32 = €240.8

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 1987 was 42.48 and the CPI today is 102.35. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.3/42.48
= €240.8

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1987 €2.41 euro today
€5 euro in 1987 €12.05 euro today
€10 euro in 1987 €24.09 euro today
€50 euro in 1987 €120.46 euro today
€100 euro in 1987 €240.92 euro today
€500 euro in 1987 €1,204.6 euro today
€1,000 euro in 1987 €2,409.2 euro today
€5,000 euro in 1987 €12,045.99 euro today
€10,000 euro in 1987 €24,091.98 euro today
€50,000 euro in 1987 €120,459.92 euro today
€100,000 euro in 1987 €240,919.84 euro today
€500,000 euro in 1987 €1,204,599.19 euro today
€1,000,000 euro in 1987 €2,409,198.37 euro today

Value of Euro in time (by year)

Period Value
1987 100
1988 105.19
1989 110.85
1990 117.81
1991 125.6
1992 132.99
1993 139.47
1994 145.58
1995 151.45
1996 159.88
1997 164.46
1998 167.59
1999 170.41
2000 174.01
2001 178.71
2002 182.94
2003 188.11
2004 192.81
2005 196.73
2006 200.64
2007 204.4
2008 209.73
2009 214.42
2010 216.62
2011 220.69
2012 227.94
2013 233.2
2014 234.73
2015 234.73
2016 234.95
2017 236.1
2018 238.21
2019 240.8
Today 240.92