Value of 1976 Euro (Ireland) today

€100 in 1976

€681.63 in 2019

The inflation rate in Ireland between 1976 and today has been 581.63%, which translates into a total increase of €581.63. This means that 100 euro in 1976 are equivalent to 681.63 euro in 2019. In other words, the purchasing power of €100 in 1976 equals €681.63 today. The average annual inflation rate has been 4.46%.

Inflation timeline in Ireland (1976-2019)

The following chart depicts the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchasing 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. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1976-2019) 581.35%
Total Inflation* 581.63%
Annual inflation avg. (1976-2019) 4.56%
Annual inflation avg.* 4.46%
CPI 1976 14.79
CPI 2019 100.77
CPI today* 100.81
€1 in 1976 €6.81 in 2019

* Values extrapolated from the last official data to obtain today's values.

How to calculate today's value of money after inflation?

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, it indicates how much are €100 worth today. There are 43 years between 1976 and 2019 and the average inflation rate has been 4.4586%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)43 = €681.35

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 the CPI today is 100.81. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.77/14.79
= €681.35

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1976 €6.82 euro today
€5 euro in 1976 €34.08 euro today
€10 euro in 1976 €68.16 euro today
€50 euro in 1976 €340.81 euro today
€100 euro in 1976 €681.63 euro today
€500 euro in 1976 €3,408.14 euro today
€1,000 euro in 1976 €6,816.28 euro today
€5,000 euro in 1976 €34,081.41 euro today
€10,000 euro in 1976 €68,162.81 euro today
€50,000 euro in 1976 €340,814.07 euro today
€100,000 euro in 1976 €681,628.14 euro today
€500,000 euro in 1976 €3,408,140.68 euro today
€1,000,000 euro in 1976 €6,816,281.36 euro today

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
2019 681.35
Today 681.63