Result: €100 in 1959 → €808.02 in 2023
Money in Austria has lost 88% of its value since 1959
Updated: May 10, 2023€100 in 1959 is equivalent in purchasing power to about €808.02 today, an increase of €708.02 over 64 years. The euro had an average inflation rate of 3.32% per year between 1959 and today, producing a cumulative price increase of 708.02%.
This means that today's prices are 8.08 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 12.376% 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 9.72%. If this number holds, €100 today will be equivalent in buying power to €109.72 next year.
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| Cumulative price change | 708.02% |
| Average inflation rate | 3.32% |
| Converted amount €100 base | €808.02 |
| Price difference €100 base | €708.02 |
| CPI in 1959 | 15.796 |
| CPI in 2023 | 127.631 |
| Inflation in 1959 | 1.08% |
| Inflation in 2023 | 9.72% |
| €100 in 1959 | €808.02 in 2023 |
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 €808.02 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When €100 is equivalent to €808.02 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:
This conversion table shows various other 1959 amounts in today's euro, based on the 708.02% change in prices:
| Initial value | Equivalent value |
|---|---|
| €1 euro in 1959 | €8.08 euro today |
| €5 euro in 1959 | €40.40 euro today |
| €10 euro in 1959 | €80.80 euro today |
| €50 euro in 1959 | €404.01 euro today |
| €100 euro in 1959 | €808.02 euro today |
| €500 euro in 1959 | €4,040.08 euro today |
| €1,000 euro in 1959 | €8,080.17 euro today |
| €5,000 euro in 1959 | €40,400.83 euro today |
| €10,000 euro in 1959 | €80,801.66 euro today |
| €50,000 euro in 1959 | €404,008.32 euro today |
| €100,000 euro in 1959 | €808,016.64 euro today |
| €500,000 euro in 1959 | €4,040,083.21 euro today |
| €1,000,000 euro in 1959 | €8,080,166.43 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 127.6314 in 2023:
127.631415.79564
×
€100
=
€808.02
€100 in 1959 has the same "purchasing power" or "buying power" as €808.02 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:
127.6314 - 15.7956415.79564
×
100
=
708%
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, 27 May. 2023, https://www.officialdata.org/austria/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 708.02% |
| Average inflation rate | 3.32% |
| Converted amount €100 base | €808.02 |
| Price difference €100 base | €708.02 |
| CPI in 1959 | 15.796 |
| CPI in 2023 | 127.631 |
| Inflation in 1959 | 1.08% |
| Inflation in 2023 | 9.72% |
| €100 in 1959 | €808.02 in 2023 |