Value of 1994 Euro (Italy) today

€100 in 1994
€190.06 in 2023

The inflation rate in Italy between 1994 and today has been 90.06%, which translates into a total increase of €90.06. This means that 100 euro in 1994 are equivalent to 190.06 euro in 2023. In other words, the purchasing power of €100 in 1994 equals €190.06 today. The average annual inflation rate between these periods has been 2.24%.

Inflation timeline in Italy (1994 - 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 1994-2022 79.09%
Cumulative inflation 1994-today 90.06%
Avg. Annual inflation 1994-2022 2.1%
CPI 1994 63.23
CPI 2022 113.24
CPI 2022-12 (latest official data) 119
CPI today 120.18

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 1994 and 2022, use the corresponding CPI values:

Value2022
=Value1994 ×
CPI2022/CPI1994
=€ 100 ×
113.24/63.23
€179.09

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.18:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=€ 100 ×
120.18/63.23
€190.06

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 28 years between 1994 and 2022 and the average inflation rate was 2.103%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.02103)28
€179.09

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1994 €1.79 euro in 2022
€5 euro in 1994 €8.95 euro in 2022
€10 euro in 1994 €17.91 euro in 2022
€50 euro in 1994 €89.55 euro in 2022
€100 euro in 1994 €179.09 euro in 2022
€500 euro in 1994 €895.46 euro in 2022
€1,000 euro in 1994 €1,790.93 euro in 2022
€5,000 euro in 1994 €8,954.64 euro in 2022
€10,000 euro in 1994 €17,909.29 euro in 2022
€50,000 euro in 1994 €89,546.44 euro in 2022
€100,000 euro in 1994 €179,092.88 euro in 2022
€500,000 euro in 1994 €895,464.4 euro in 2022
€1,000,000 euro in 1994 €1,790,928.81 euro in 2022
Cumulative inflation From 1994 90.06%
Avg. annual inflation From 1994 2.24%
CPI 1994 63.23
CPI today 120.18

Value of Euro over time (by year)

Period Value
1994 100
1995 105.24
1996 109.45
1997 111.69
1998 113.87
1999 115.77
2000 118.7
2001 122.01
2002 125.02
2003 128.36
2004 131.19
2005 133.8
2006 136.59
2007 139.09
2008 143.75
2009 144.86
2010 147.07
2011 151.16
2012 155.76
2013 157.66
2014 158.04
2015 158.1
2016 157.95
2017 159.89
2018 161.71
2019 162.7
2020 162.47
2021 165.52
2022 179.09
2022-12 188.2
Today 190.06

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: