Value of 1996 Euro (Italy) today

€100 in 1996
€160.88 in 2022

The inflation rate in Italy between 1996 and today has been 60.88%, which translates into a total increase of €60.88. This means that 100 euro in 1996 are equivalent to 160.88 euro in 2022. In other words, the purchasing power of €100 in 1996 equals €160.88 today. The average annual inflation rate between these periods has been 1.85%.

Inflation timeline in Italy (1996 - 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 1996-2021 51.22%
Cumulative inflation 1996-today 60.88%
Avg. Annual inflation 1996-2021 1.67%
CPI 1996 69.21
CPI 2021 104.66
CPI 2022-03 (latest official data) 110.4
CPI today 111.34

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 1996 and 2021, use the corresponding CPI values:

Value2021
=Value1996 ×
CPI2021/CPI1996
=€ 100 ×
104.66/69.21
€151.22

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 111.34:

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=€ 100 ×
111.34/69.21
€160.88

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 25 years between 1996 and 2021 and the average inflation rate was 1.6681%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.016681)25
€151.22

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1996 €1.51 euro in 2021
€5 euro in 1996 €7.56 euro in 2021
€10 euro in 1996 €15.12 euro in 2021
€50 euro in 1996 €75.61 euro in 2021
€100 euro in 1996 €151.22 euro in 2021
€500 euro in 1996 €756.12 euro in 2021
€1,000 euro in 1996 €1,512.24 euro in 2021
€5,000 euro in 1996 €7,561.21 euro in 2021
€10,000 euro in 1996 €15,122.41 euro in 2021
€50,000 euro in 1996 €75,612.07 euro in 2021
€100,000 euro in 1996 €151,224.15 euro in 2021
€500,000 euro in 1996 €756,120.73 euro in 2021
€1,000,000 euro in 1996 €1,512,241.47 euro in 2021
Cumulative inflation From 1996 60.88%
Avg. annual inflation From 1996 1.85%
CPI 1996 69.21
CPI today 111.34

Value of Euro over time (by year)

Period Value
1996 100
1997 102.04
1998 104.04
1999 105.77
2000 108.45
2001 111.47
2002 114.22
2003 117.27
2004 119.86
2005 122.24
2006 124.8
2007 127.08
2008 131.34
2009 132.35
2010 134.37
2011 138.11
2012 142.31
2013 144.05
2014 144.39
2015 144.45
2016 144.31
2017 146.08
2018 147.74
2019 148.65
2020 148.44
2021 151.22
2022-03 159.52
Today 160.88

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: