Value of 1987 Euro (Italy) today

€100 in 1987
€254.76 in 2022

The inflation rate in Italy between 1987 and today has been 154.76%, which translates into a total increase of €154.76. This means that 100 euro in 1987 are equivalent to 254.76 euro in 2022. In other words, the purchasing power of €100 in 1987 equals €254.76 today. The average annual inflation rate between these periods has been 2.71%.

Inflation timeline in Italy (1987 - 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 1987-2021 139.52%
Cumulative inflation 1987-today 154.76%
Avg. Annual inflation 1987-2021 2.6%
CPI 1987 43.69
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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=€ 100 ×
104.66/43.69
€239.52

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

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=€ 100 ×
111.32/43.69
€254.76

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 34 years between 1987 and 2021 and the average inflation rate was 2.6023%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.026023)34
€239.52

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1987 €2.4 euro in 2021
€5 euro in 1987 €11.98 euro in 2021
€10 euro in 1987 €23.95 euro in 2021
€50 euro in 1987 €119.76 euro in 2021
€100 euro in 1987 €239.52 euro in 2021
€500 euro in 1987 €1,197.61 euro in 2021
€1,000 euro in 1987 €2,395.22 euro in 2021
€5,000 euro in 1987 €11,976.11 euro in 2021
€10,000 euro in 1987 €23,952.23 euro in 2021
€50,000 euro in 1987 €119,761.14 euro in 2021
€100,000 euro in 1987 €239,522.28 euro in 2021
€500,000 euro in 1987 €1,197,611.38 euro in 2021
€1,000,000 euro in 1987 €2,395,222.75 euro in 2021
Cumulative inflation From 1987 154.76%
Avg. annual inflation From 1987 2.71%
CPI 1987 43.69
CPI today 111.32

Value of Euro over time (by year)

Period Value
1987 100
1988 105.06
1989 111.63
1990 118.84
1991 126.27
1992 132.93
1993 139.08
1994 144.71
1995 152.29
1996 158.39
1997 161.62
1998 164.78
1999 167.53
2000 171.78
2001 176.56
2002 180.91
2003 185.75
2004 189.85
2005 193.62
2006 197.67
2007 201.28
2008 208.02
2009 209.63
2010 212.83
2011 218.75
2012 225.4
2013 228.15
2014 228.7
2015 228.79
2016 228.58
2017 231.38
2018 234.01
2019 235.44
2020 235.12
2021 239.52
2022-03 252.66
Today 254.76

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: