Result: €100 in 2002 → €152.57 in 2024
Money in Italy has lost 34% of its value since 2002
Updated: November 13, 2024€100 in 2002 is equivalent in purchasing power to about €152.57 today, an increase of €52.57 over 22 years. The euro had an average inflation rate of 1.94% per year between 2002 and today, producing a cumulative price increase of 52.57%.
This means that today's prices are 1.53 times as high as average prices since 2002, according to the OECD and the World Bank consumer price index for Italy. A euro today only buys 65.544% of what it could buy back then.
The inflation rate in 2002 was 2.47%. The current inflation rate compared to the end of last year is now 0.76%. If this number holds, €100 today will be equivalent in buying power to €100.76 next year.
⌃
| Cumulative price change | 52.57% |
| Average inflation rate | 1.94% |
| Converted amount €100 base | €152.57 |
| Price difference €100 base | €52.57 |
| CPI in 2002 | 79.050 |
| CPI in 2024 | 120.605 |
| Inflation in 2002 | 2.47% |
| Inflation in 2024 | 0.76% |
| €100 in 2002 | €152.57 in 2024 |
Buying power of €100 in 2002
This chart shows a calculation of buying power equivalence for €100 in 2002 (price index tracking began in 1955).
For example, if you started with €100, you would need to end with €152.57 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When €100 is equivalent to €152.57 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 2002 dollars, the chart below shows how €100 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 2002 amounts in today's euros, based on the 52.57% change in prices:
| Initial value | Equivalent value |
|---|---|
| €1 euro in 2002 | €1.53 euros today |
| €5 euros in 2002 | €7.63 euros today |
| €10 euros in 2002 | €15.26 euros today |
| €50 euros in 2002 | €76.28 euros today |
| €100 euros in 2002 | €152.57 euros today |
| €500 euros in 2002 | €762.84 euros today |
| €1,000 euros in 2002 | €1,525.68 euros today |
| €5,000 euros in 2002 | €7,628.40 euros today |
| €10,000 euros in 2002 | €15,256.79 euros today |
| €50,000 euros in 2002 | €76,283.95 euros today |
| €100,000 euros in 2002 | €152,567.90 euros today |
| €500,000 euros in 2002 | €762,839.51 euros today |
| €1,000,000 euros in 2002 | €1,525,679.03 euros today |
How to calculate inflation rate for €100 since 2002
Our calculations use the following inflation rate formula to calculate the change in value between 2002 and today:
CPI today CPI in 2002
×
2002 EUR value
=
Today's value
Then plug in historical CPI values. The Italian CPI was 79.0498 in the year 2002 and 120.60462184873948 in 2024:
120.6046218487394879.0498
×
€100
=
€152.57
€100 in 2002 has the same "purchasing power" or "buying power" as €152.57 in 2024.
To get the total inflation rate for the 22 years between 2002 and 2024, we use the following formula:
CPI in 2024 - CPI in 2002CPI in 2002
×
100
=
Cumulative inflation rate (22 years)
Plugging in the values to this equation, we get:
120.60462184873948 - 79.049879.0498
×
100
=
53%
Data source & citation
You may use the following MLA citation for this page: “Value of 2002 Euros today | Italy Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Dec. 2024, https://www.officialdata.org/italy/inflation/2002.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 52.57% |
| Average inflation rate | 1.94% |
| Converted amount €100 base | €152.57 |
| Price difference €100 base | €52.57 |
| CPI in 2002 | 79.050 |
| CPI in 2024 | 120.605 |
| Inflation in 2002 | 2.47% |
| Inflation in 2024 | 0.76% |
| €100 in 2002 | €152.57 in 2024 |