Austria Inflation Calculator

Result: €100 in 1959 → €821.20 in 2023


Money in Austria has lost 88% of its value since 1959

Updated: January 13, 2022

€100 in 1959 is equivalent in purchasing power to about €821.20 today, an increase of €721.20 over 64 years. The euro had an average inflation rate of 3.34% per year between 1959 and today, producing a cumulative price increase of 721.20%.

This means that today's prices are 8.21 times as high as average prices since 1959, according to the OECD and the World Bank consumer price index for Austria. A euro today only buys 12.177% of what it could buy back then. Currency values from before Austria began using the Euro are converted for the purpose of these calculations by the OECD.

The inflation rate in 1959 was 1.08%. The current inflation rate compared to last year is now 12.53%. If this number holds, €100 today will be equivalent in buying power to €112.53 next year.


Inflation from 1959 to 2023
Cumulative price change721.20%
Average inflation rate3.34%
Converted amount (€100 base)€821.20
Price difference (€100 base)€721.20
CPI in 195915.796
CPI in 2023129.714
Inflation in 19591.08%
Inflation in 202312.53%
€100 in 1959€821.20 in 2023

Austria inflation since 1959
Annual Rate, the OECD and the World Bank CPI
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Buying power of €100 in 1959

This chart shows a calculation of buying power equivalence for €100 in 1959 (price index tracking began in 1958).

For example, if you started with €100, you would need to end with €821.20 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €821.20 over time, that means that the "real value" of a single Austria euro decreases over time. In other words, a euro will pay for fewer items at the store.

This effect explains how inflation erodes the value of a euro over time. By calculating the value in 1959 dollars, the chart below shows how €100 is worth less over 64 years.

According to the OECD and the World Bank, each of these EUR amounts below is equal in terms of what it could buy at the time:

Euro inflation: 1959-2023
YearEuro ValueInflation Rate
1959€100.001.08%
1960€101.951.95%
1961€105.563.54%
1962€110.184.38%
1963€113.172.71%
1964€117.543.87%
1965€123.344.93%
1966€125.882.05%
1967€130.883.97%
1968€134.502.76%
1969€138.643.08%
1970€144.704.37%
1971€151.514.70%
1972€161.146.36%
1973€173.277.53%
1974€189.779.52%
1975€205.808.45%
1976€220.867.32%
1977€233.005.49%
1978€241.323.57%
1979€250.273.71%
1980€266.116.33%
1981€284.216.80%
1982€299.665.44%
1983€309.673.34%
1984€327.215.66%
1985€337.643.19%
1986€343.401.71%
1987€348.221.40%
1988€354.891.92%
1989€364.002.57%
1990€375.873.26%
1991€388.423.34%
1992€404.044.02%
1993€418.713.63%
1994€431.082.95%
1995€440.752.24%
1996€448.951.86%
1997€454.811.31%
1998€459.010.92%
1999€461.620.57%
2000€472.442.34%
2001€484.962.65%
2002€493.741.81%
2003€500.441.36%
2004€510.752.06%
2005€522.492.30%
2006€530.031.44%
2007€541.522.17%
2008€558.933.22%
2009€561.760.51%
2010€571.951.81%
2011€590.753.29%
2012€605.432.49%
2013€617.542.00%
2014€627.461.61%
2015€633.090.90%
2016€638.730.89%
2017€652.022.08%
2018€665.052.00%
2019€675.241.53%
2020€684.571.38%
2021€703.512.77%
2022€763.638.55%
2023€821.207.54%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 58 more rows

This conversion table shows various other 1959 amounts in today's euro, based on the 721.20% change in prices:

Conversion: 1959 euro today
Initial valueEquivalent value
€1 euro in 1959€8.21 euro today
€5 euro in 1959€41.06 euro today
€10 euro in 1959€82.12 euro today
€50 euro in 1959€410.60 euro today
€100 euro in 1959€821.20 euro today
€500 euro in 1959€4,106.00 euro today
€1,000 euro in 1959€8,211.99 euro today
€5,000 euro in 1959€41,059.96 euro today
€10,000 euro in 1959€82,119.92 euro today
€50,000 euro in 1959€410,599.58 euro today
€100,000 euro in 1959€821,199.16 euro today
€500,000 euro in 1959€4,105,995.81 euro today
€1,000,000 euro in 1959€8,211,991.62 euro today

How to calculate inflation rate for €100 since 1959

Our calculations use the following inflation rate formula to calculate the change in value between 1959 and today:

CPI today CPI in 1959
×
1959 EUR value
=
Today's value

Then plug in historical CPI values. The Austria CPI was 15.79564 in the year 1959 and 129.71366325030056 in 2023:

129.7136632503005615.79564
×
€100
=
€821.20

€100 in 1959 has the same "purchasing power" or "buying power" as €821.20 in 2023.

To get the total inflation rate for the 64 years between 1959 and 2023, we use the following formula:

CPI in 2023 - CPI in 1959CPI in 1959
×
100
=
Cumulative inflation rate (64 years)

Plugging in the values to this equation, we get:

129.71366325030056 - 15.7956415.79564
×
100
=
721%

Data source & citation

You may use the following MLA citation for this page: “Austria Inflation Calculator: World Bank data, 1959-2023 (EUR).” Official Inflation Data, Alioth Finance, 1 Feb. 2023, https://www.officialdata.org/austria/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1959 to 2023
Cumulative price change721.20%
Average inflation rate3.34%
Converted amount (€100 base)€821.20
Price difference (€100 base)€721.20
CPI in 195915.796
CPI in 2023129.714
Inflation in 19591.08%
Inflation in 202312.53%
€100 in 1959€821.20 in 2023