The cumulative inflation rate in Italy between 2007 and 2018 was 16.26%, meaning that overall prices were 1.16 times higher than they were in 2007. In other words, the purchasing power of €51 in 2007 was equivalent to €59.29 in 2018. The average annual inflation rate over this period was 1.38%.
The chart below shows how the value of €51 changes over time when adjusted for inflation, based on Consumer Price Index (CPI) data. All values are equivalent in terms of purchasing power, indicating how much money would be needed each year to buy the same goods or services.
All calculations are performed in euro (Italy) with six-decimal precision, though displayed values are rounded to two decimals for readability. Inflation figures are sourced from official government and international reports released monthly.
The following table contains relevant indicators:
| Indicator | Value |
|---|---|
| Cumulative inflation from 2007 to 2018 | 16.26% |
| Avg. Annual inflation from 2007 to 2018 | 1.38% |
| CPI 2007 | 87.95 |
| CPI 2018 | 102.25 |
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.
When we have both the start and end years, we can use the following formula:
To obtain the values equivalent in buying power between 2007 and 2018, use the corresponding CPI values:
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:
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 €51 worth today. There are 11 years between 2007 and 2018 and the average inflation rate was 1.379%. Therefore, we can resolve the formula like this:
| Initial Value | Equivalent value | |
|---|---|---|
| €1 euro in 2007 | → | €1.16 euro in 2018 |
| €5 euro in 2007 | → | €5.81 euro in 2018 |
| €10 euro in 2007 | → | €11.63 euro in 2018 |
| €50 euro in 2007 | → | €58.13 euro in 2018 |
| €100 euro in 2007 | → | €116.26 euro in 2018 |
| €500 euro in 2007 | → | €581.3 euro in 2018 |
| €1,000 euro in 2007 | → | €1,162.6 euro in 2018 |
| €5,000 euro in 2007 | → | €5,812.99 euro in 2018 |
| €10,000 euro in 2007 | → | €11,625.98 euro in 2018 |
| €50,000 euro in 2007 | → | €58,129.91 euro in 2018 |
| €100,000 euro in 2007 | → | €116,259.82 euro in 2018 |
| €500,000 euro in 2007 | → | €581,299.1 euro in 2018 |
| €1,000,000 euro in 2007 | → | €1,162,598.2 euro in 2018 |
| Cumulative inflation 2007-2018 | 16.26% |
| Avg. annual inflation 2007-2018 | 1.38% |
| CPI 2007 | 87.95 |
| CPI 2018 | 102.25 |
| Period | Value |
|---|---|
| 2007 | 51 |
| 2008 | 52.71 |
| 2009 | 53.12 |
| 2010 | 53.93 |
| 2011 | 55.43 |
| 2012 | 57.11 |
| 2013 | 57.81 |
| 2014 | 57.95 |
| 2015 | 57.97 |
| 2016 | 57.92 |
| 2017 | 58.63 |
| 2018 | 59.29 |
All available years
Today's value of euro (Italy) by year:
1955 | 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 | 2024 |
Other currencies: