Value of 2006 Euro (Italy) today

€20 in 2006
€27.85 in 2024

The inflation rate in Italy between 2006 and today has been 39.25%, which translates into a total increase of €7.85. This means that 20 euro in 2006 are equivalent to 27.85 euro in 2024. In other words, the purchasing power of €20 in 2006 equals €27.85 today. The average annual inflation rate between these periods has been 1.86%.

Inflation timeline in Italy (2006 - 2024)

The following chart depicts the equivalence of €20 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 2006-2023 38.48%
Cumulative inflation 2006-today 39.25%
Avg. Annual inflation 2006-2023 1.93%
CPI 2006 86.37
CPI 2023 119.61
CPI 2024-02 (latest official data) 120.2
CPI today 120.27

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 2006 and 2023, use the corresponding CPI values:

Value2023
=Value2006 ×
CPI2023/CPI2006
=€ 20 ×
119.61/86.37
€27.7

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.27:

Valuetoday
=Value2006 ×
CPItoday/CPI2006
=€ 20 ×
120.27/86.37
€27.85

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 €20 worth today. There are 17 years between 2006 and 2023 and the average inflation rate was 1.9337%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€20 × (1 + 0.019337)17
€27.7

Italy inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2006 €1.38 euro in 2023
€5 euro in 2006 €6.92 euro in 2023
€10 euro in 2006 €13.85 euro in 2023
€50 euro in 2006 €69.24 euro in 2023
€100 euro in 2006 €138.48 euro in 2023
€500 euro in 2006 €692.42 euro in 2023
€1,000 euro in 2006 €1,384.85 euro in 2023
€5,000 euro in 2006 €6,924.24 euro in 2023
€10,000 euro in 2006 €13,848.49 euro in 2023
€50,000 euro in 2006 €69,242.43 euro in 2023
€100,000 euro in 2006 €138,484.85 euro in 2023
€500,000 euro in 2006 €692,424.26 euro in 2023
€1,000,000 euro in 2006 €1,384,848.52 euro in 2023
Cumulative inflation From 2006 39.25%
Avg. annual inflation From 2006 1.86%
CPI 2006 86.37
CPI today 120.27

Value of Euro over time (by year)

Period Value
2006 20
2007 20.37
2008 21.05
2009 21.21
2010 21.53
2011 22.13
2012 22.81
2013 23.08
2014 23.14
2015 23.15
2016 23.13
2017 23.41
2018 23.68
2019 23.82
2020 23.79
2021 24.24
2022 26.22
2023 27.7
2024-02 27.83
Today 27.85

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 | 2023 |

Other currencies: