Value of 1993 Euro (Italy) today

€100 in 1993
€197.7 in 2023

The inflation rate in Italy between 1993 and today has been 97.7%, which translates into a total increase of €97.7. This means that 100 euro in 1993 are equivalent to 197.7 euro in 2023. In other words, the purchasing power of €100 in 1993 equals €197.7 today. The average annual inflation rate between these periods has been 2.3%.

Inflation timeline in Italy (1993 - 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 1993-2022 86.35%
Cumulative inflation 1993-today 97.7%
Avg. Annual inflation 1993-2022 2.17%
CPI 1993 60.77
CPI 2022 113.24
CPI 2022-12 (latest official data) 119
CPI today 120.14

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 1993 and 2022, use the corresponding CPI values:

Value2022
=Value1993 ×
CPI2022/CPI1993
=€ 100 ×
113.24/60.77
€186.35

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.14:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=€ 100 ×
120.14/60.77
€197.7

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 29 years between 1993 and 2022 and the average inflation rate was 2.1696%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.021696)29
€186.35

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1993 €1.86 euro in 2022
€5 euro in 1993 €9.32 euro in 2022
€10 euro in 1993 €18.63 euro in 2022
€50 euro in 1993 €93.17 euro in 2022
€100 euro in 1993 €186.35 euro in 2022
€500 euro in 1993 €931.75 euro in 2022
€1,000 euro in 1993 €1,863.49 euro in 2022
€5,000 euro in 1993 €9,317.47 euro in 2022
€10,000 euro in 1993 €18,634.94 euro in 2022
€50,000 euro in 1993 €93,174.72 euro in 2022
€100,000 euro in 1993 €186,349.43 euro in 2022
€500,000 euro in 1993 €931,747.17 euro in 2022
€1,000,000 euro in 1993 €1,863,494.34 euro in 2022
Cumulative inflation From 1993 97.7%
Avg. annual inflation From 1993 2.3%
CPI 1993 60.77
CPI today 120.14

Value of Euro over time (by year)

Period Value
1993 100
1994 104.05
1995 109.5
1996 113.89
1997 116.21
1998 118.49
1999 120.46
2000 123.51
2001 126.95
2002 130.08
2003 133.56
2004 136.51
2005 139.22
2006 142.13
2007 144.73
2008 149.57
2009 150.73
2010 153.03
2011 157.29
2012 162.07
2013 164.05
2014 164.44
2015 164.51
2016 164.35
2017 166.37
2018 168.26
2019 169.29
2020 169.06
2021 172.22
2022 186.35
2022-12 195.83
Today 197.7

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: