Value of 1978 Euro (Ireland) today

€100 in 1978
€584.56 in 2024

The inflation rate in Ireland between 1978 and today has been 484.56%, which translates into a total increase of €484.56. This means that 100 euro in 1978 are equivalent to 584.56 euro in 2024. In other words, the purchasing power of €100 in 1978 equals €584.56 today. The average annual inflation rate between these periods has been 3.91%.

Inflation timeline in Ireland (1978 - 2024)

The following chart depicts the equivalence of €100 due to compound 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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1978-2023 474.13%
Cumulative inflation 1978-today 484.56%
Avg. Annual inflation 1978-2023 3.96%
CPI 1978 20.73
CPI 2023 119.03
CPI 2024-03 (latest official data) 120.99
CPI today 121.19

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 Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1978 and 2023, use the corresponding CPI values:

Value2023
=Value1978 ×
CPI2023/CPI1978
=€ 100 ×
119.03/20.73
€574.13

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.19:

Valuetoday
=Value1978 ×
CPItoday/CPI1978
=€ 100 ×
121.19/20.73
€584.56

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: 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 45 years between 1978 and 2023 and the average inflation rate was 3.9601%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.039601)45
€574.13

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1978 €5.74 euro in 2023
€5 euro in 1978 €28.71 euro in 2023
€10 euro in 1978 €57.41 euro in 2023
€50 euro in 1978 €287.06 euro in 2023
€100 euro in 1978 €574.13 euro in 2023
€500 euro in 1978 €2,870.63 euro in 2023
€1,000 euro in 1978 €5,741.27 euro in 2023
€5,000 euro in 1978 €28,706.35 euro in 2023
€10,000 euro in 1978 €57,412.7 euro in 2023
€50,000 euro in 1978 €287,063.48 euro in 2023
€100,000 euro in 1978 €574,126.95 euro in 2023
€500,000 euro in 1978 €2,870,634.77 euro in 2023
€1,000,000 euro in 1978 €5,741,269.54 euro in 2023
Cumulative inflation From 1978 484.56%
Avg. annual inflation From 1978 3.91%
CPI 1978 20.73
CPI today 121.19

Value of Euro over time (by year)

Period Value
1978 100
1979 113.3
1980 133.86
1981 161.14
1982 188.77
1983 208.49
1984 226.52
1985 238.75
1986 247.88
1987 255.72
1988 261.17
1989 271.85
1990 280.87
1991 289.89
1992 298.79
1993 303.18
1994 310.18
1995 318.01
1996 323.6
1997 328.59
1998 336.5
1999 341.98
2000 361.06
2001 378.58
2002 396.1
2003 409.93
2004 418.86
2005 429.15
2006 446.04
2007 467.83
2008 486.71
2009 465.07
2010 460.8
2011 472.54
2012 480.55
2013 483.03
2014 483.95
2015 482.35
2016 482.44
2017 484.19
2018 486.47
2019 491.03
2020 489.43
2021 500.89
2022 540.1
2023 574.13
2024-03 583.59
Today 584.56

All available years

Today's value of euro (Ireland) by year:

1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

Other currencies: