Value of 1991 Euro (Italy) today

€100 in 1991

€191.85 in 2019

The inflation rate in Italy between 1991 and today has been 91.85%, which translates into a total increase of €91.85. This means that 100 euro in 1991 are equivalent to 191.85 euro in 2019. In other words, the purchasing power of €100 in 1991 equals €191.85 today. The average annual inflation rate has been 2.27%.

Inflation timeline in Italy (1991-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1991-2019) 91.72%
Total Inflation* 91.85%
Annual inflation avg. (1991-2019) 2.35%
Annual inflation avg.* 2.27%
CPI 1991 53.36
CPI 2019 102.3
CPI today* 102.37
€1 in 1991 €1.92 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 28 years between 1991 and 2019 and the average inflation rate has been 2.272%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)28 = €191.72

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 1991 was 53.36 and the CPI today is 102.37. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
102.3/53.36
= €191.72

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1991 €1.92 euro today
€5 euro in 1991 €9.59 euro today
€10 euro in 1991 €19.18 euro today
€50 euro in 1991 €95.92 euro today
€100 euro in 1991 €191.85 euro today
€500 euro in 1991 €959.23 euro today
€1,000 euro in 1991 €1,918.45 euro today
€5,000 euro in 1991 €9,592.27 euro today
€10,000 euro in 1991 €19,184.54 euro today
€50,000 euro in 1991 €95,922.68 euro today
€100,000 euro in 1991 €191,845.36 euro today
€500,000 euro in 1991 €959,226.78 euro today
€1,000,000 euro in 1991 €1,918,453.56 euro today

Value of Euro in time (by year)

Period Value
1991 100
1992 105.88
1993 111.04
1994 115.9
1995 120.58
1996 127.29
1997 130.94
1998 133.43
1999 135.68
2000 138.54
2001 142.28
2002 145.65
2003 149.77
2004 153.51
2005 156.63
2006 159.74
2007 162.74
2008 166.98
2009 170.72
2010 172.46
2011 175.7
2012 181.48
2013 185.66
2014 186.88
2015 186.88
2016 187.06
2017 187.97
2018 189.66
2019 191.72
Today 191.85