Inflation calculator - Euro (Ireland)

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

€100 in 1976

€676.63 in 2018

The inflation rate in Ireland between 1976 and 2018 was 576.63%, which translates into a total increase of €576.63. This means that 100 euro in 1976 are equivalent to 676.63 euro in 2018. In other words, the purchasing power of €100 in 1976 equals €676.63 in 2018. The average annual inflation rate between these periods was 4.66%.

Inflation timeline in Ireland (1976 - 2018)

The following chart ilustrates the equivalence of euro (Ireland) throughout the years due to compound inflation and CPI changes. All values are equivalent in terms of purchashing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (EUR) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1976-2018) 576.63%
Annual inflation avg. (1976-2018) 4.66%
CPI 1976 14.79
CPI 2018 100.07
€1 in 1976 €6.77 in 2018

How to calculate the time value of money with inflation data?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: FV = PV (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, the future value is the amount in 2018 that equals €100 in 1976 in terms of purchasing power. There are 42 years between 1976 and 2018 and the average inflation rate was 4.6575%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.046575)42 = €676.633694 ≈ €676.63

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1976 was 14.79 and in 2018 was 100.07. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.07/14.79
= €676.63

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1976 €6.77 euro in 2018
€5 euro in 1976 €33.83 euro in 2018
€10 euro in 1976 €67.66 euro in 2018
€50 euro in 1976 €338.32 euro in 2018
€100 euro in 1976 €676.63 euro in 2018
€500 euro in 1976 €3,383.17 euro in 2018
€1,000 euro in 1976 €6,766.34 euro in 2018
€5,000 euro in 1976 €33,831.68 euro in 2018
€10,000 euro in 1976 €67,663.37 euro in 2018
€50,000 euro in 1976 €338,316.85 euro in 2018
€100,000 euro in 1976 €676,633.69 euro in 2018
€500,000 euro in 1976 €3,383,168.47 euro in 2018
€1,000,000 euro in 1976 €6,766,336.94 euro in 2018

Value of Euro in time (by year)

Period Value
1976 100
1977 121.02
1978 133.76
1979 144.59
1980 167.52
1981 198.09
1982 243.95
1983 274.02
1984 302.62
1985 322.58
1986 338.54
1987 349.18
1988 359.82
1989 369.8
1990 387.09
1991 397.07
1992 411.7
1993 421.01
1994 427.66
1995 437.64
1996 448.28
1997 456.93
1998 465.69
1999 473.78
2000 489.95
2001 518.26
2002 540.5
2003 567.46
2004 578.24
2005 593.74
2006 607.89
2007 638.22
2008 667.87
2009 675.29
2010 641.59
2011 650.35
2012 665.85
2013 673.94
2014 675.29
2015 673.26
2016 673.94
2017 673.94
2018 676.63