Result: €100 in 2020 → €127.15 in 2024
Money in Austria has lost 21% of its value since 2020
Updated: September 11, 2024€100 in 2020 is equivalent in purchasing power to about €127.15 today, an increase of €27.15 over 4 years. The euro had an average inflation rate of 6.19% per year between 2020 and today, producing a cumulative price increase of 27.15%.
This means that today's prices are 1.27 times as high as average prices since 2020, according to the OECD and the World Bank consumer price index for Austria. A euro today only buys 78.647% of what it could buy back then.
The inflation rate in 2020 was 1.38%. The current inflation rate compared to the end of last year is now 5.52%. If this number holds, €100 today will be equivalent in buying power to €105.52 next year.
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| Cumulative price change | 27.15% |
| Average inflation rate | 6.19% |
| Converted amount €100 base | €127.15 |
| Price difference €100 base | €27.15 |
| CPI in 2020 | 108.132 |
| CPI in 2024 | 137.487 |
| Inflation in 2020 | 1.38% |
| Inflation in 2024 | 5.52% |
| €100 in 2020 | €127.15 in 2024 |
Buying power of €100 in 2020
This chart shows a calculation of buying power equivalence for €100 in 2020 (price index tracking began in 1958).
For example, if you started with €100, you would need to end with €127.15 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When €100 is equivalent to €127.15 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 2020 dollars, the chart below shows how €100 is worth less over 4 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 2020 amounts in today's euro, based on the 27.15% change in prices:
| Initial value | Equivalent value |
|---|---|
| €1 euro in 2020 | €1.27 euro today |
| €5 euro in 2020 | €6.36 euro today |
| €10 euro in 2020 | €12.71 euro today |
| €50 euro in 2020 | €63.57 euro today |
| €100 euro in 2020 | €127.15 euro today |
| €500 euro in 2020 | €635.74 euro today |
| €1,000 euro in 2020 | €1,271.48 euro today |
| €5,000 euro in 2020 | €6,357.40 euro today |
| €10,000 euro in 2020 | €12,714.80 euro today |
| €50,000 euro in 2020 | €63,574.02 euro today |
| €100,000 euro in 2020 | €127,148.04 euro today |
| €500,000 euro in 2020 | €635,740.18 euro today |
| €1,000,000 euro in 2020 | €1,271,480.36 euro today |
How to calculate inflation rate for €100 since 2020
Our calculations use the following inflation rate formula to calculate the change in value between 2020 and today:
CPI today CPI in 2020
×
2020 EUR value
=
Today's value
Then plug in historical CPI values. The Austria CPI was 108.1317 in the year 2020 and 137.48733248335802 in 2024:
137.48733248335802108.1317
×
€100
=
€127.15
€100 in 2020 has the same "purchasing power" or "buying power" as €127.15 in 2024.
To get the total inflation rate for the 4 years between 2020 and 2024, we use the following formula:
CPI in 2024 - CPI in 2020CPI in 2020
×
100
=
Cumulative inflation rate (4 years)
Plugging in the values to this equation, we get:
137.48733248335802 - 108.1317108.1317
×
100
=
27%
Data source & citation
You may use the following MLA citation for this page: “Value of 2020 Euros today | Austria Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Oct. 2024, https://www.officialdata.org/austria/inflation/2020.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 27.15% |
| Average inflation rate | 6.19% |
| Converted amount €100 base | €127.15 |
| Price difference €100 base | €27.15 |
| CPI in 2020 | 108.132 |
| CPI in 2024 | 137.487 |
| Inflation in 2020 | 1.38% |
| Inflation in 2024 | 5.52% |
| €100 in 2020 | €127.15 in 2024 |