Value of 1989 Euro (Italy) today

€100 in 1989
€234.02 in 2022

The inflation rate in Italy between 1989 and today has been 134.02%, which translates into a total increase of €134.02. This means that 100 euro in 1989 are equivalent to 234.02 euro in 2022. In other words, the purchasing power of €100 in 1989 equals €234.02 today. The average annual inflation rate between these periods has been 2.61%.

Inflation timeline in Italy (1989 - 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 1989-2021 114.56%
Cumulative inflation 1989-today 134.02%
Avg. Annual inflation 1989-2021 2.41%
CPI 1989 48.78
CPI 2021 104.66
CPI 2022-07 (latest official data) 113
CPI today 114.15

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 1989 and 2021, use the corresponding CPI values:

Value2021
=Value1989 ×
CPI2021/CPI1989
=€ 100 ×
104.66/48.78
€214.56

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.15:

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=€ 100 ×
114.15/48.78
€234.02

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 32 years between 1989 and 2021 and the average inflation rate was 2.4144%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.024144)32
€214.56

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1989 €2.15 euro in 2021
€5 euro in 1989 €10.73 euro in 2021
€10 euro in 1989 €21.46 euro in 2021
€50 euro in 1989 €107.28 euro in 2021
€100 euro in 1989 €214.56 euro in 2021
€500 euro in 1989 €1,072.79 euro in 2021
€1,000 euro in 1989 €2,145.59 euro in 2021
€5,000 euro in 1989 €10,727.95 euro in 2021
€10,000 euro in 1989 €21,455.9 euro in 2021
€50,000 euro in 1989 €107,279.48 euro in 2021
€100,000 euro in 1989 €214,558.96 euro in 2021
€500,000 euro in 1989 €1,072,794.81 euro in 2021
€1,000,000 euro in 1989 €2,145,589.62 euro in 2021
Cumulative inflation From 1989 134.02%
Avg. annual inflation From 1989 2.61%
CPI 1989 48.78
CPI today 114.15

Value of Euro over time (by year)

Period Value
1989 100
1990 106.46
1991 113.11
1992 119.07
1993 124.58
1994 129.63
1995 136.42
1996 141.88
1997 144.78
1998 147.61
1999 150.07
2000 153.87
2001 158.16
2002 162.06
2003 166.39
2004 170.06
2005 173.44
2006 177.06
2007 180.3
2008 186.34
2009 187.78
2010 190.65
2011 195.95
2012 201.91
2013 204.37
2014 204.87
2015 204.95
2016 204.75
2017 207.26
2018 209.62
2019 210.9
2020 210.61
2021 214.56
2022-07 231.66
Today 234.02

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: