Italy Inflation Calculator

Buying power of €8,061 in 2004

This chart shows a calculation of buying power equivalence for €8,061 in 2004 (price index tracking began in 1955).

For example, if you started with €8,061, you would need to end with €12,021.79 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €8,061 is equivalent to €12,021.79 over time, that means that the "real value" of a single Italian 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 2004 dollars, the chart below shows how €8,061 is worth less over 22 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 2004 amounts in today's euros, based on the 49.14% change in prices:

How to calculate inflation rate for €8,061 since 2004

Our calculations use the following inflation rate formula to calculate the change in value between 2004 and today:

Then plug in historical CPI values. The Italian CPI was 82.9535 in the year 2004 and 123.71287128712872 in 2026:

€8,061 in 2004 has the same "purchasing power" or "buying power" as €12,021.79 in 2026.

To get the total inflation rate for the 22 years between 2004 and 2026, we use the following formula:

Plugging in the values to this equation, we get:

Data source & citation

» Read more about inflation and investment.