Value of 1979 Euro (Ireland) today

€100 in 1979
€486.42 in 2022

The inflation rate in Ireland between 1979 and today has been 386.42%, which translates into a total increase of €386.42. This means that 100 euro in 1979 are equivalent to 486.42 euro in 2022. In other words, the purchasing power of €100 in 1979 equals €486.42 today. The average annual inflation rate between these periods has been 3.75%.

Inflation timeline in Ireland (1979 - 2022)

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 1979-2021 342.23%
Cumulative inflation 1979-today 386.42%
Avg. Annual inflation 1979-2021 3.6%
CPI 1979 23.48
CPI 2021 103.84
CPI 2022-08 (latest official data) 113.43
CPI today 114.21

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 1979 and 2021, use the corresponding CPI values:

Value2021
=Value1979 ×
CPI2021/CPI1979
=€ 100 ×
103.84/23.48
€442.23

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.21:

Valuetoday
=Value1979 ×
CPItoday/CPI1979
=€ 100 ×
114.21/23.48
€486.42

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 42 years between 1979 and 2021 and the average inflation rate was 3.6031%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.036031)42
€442.23

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1979 €4.42 euro in 2021
€5 euro in 1979 €22.11 euro in 2021
€10 euro in 1979 €44.22 euro in 2021
€50 euro in 1979 €221.11 euro in 2021
€100 euro in 1979 €442.23 euro in 2021
€500 euro in 1979 €2,211.15 euro in 2021
€1,000 euro in 1979 €4,422.3 euro in 2021
€5,000 euro in 1979 €22,111.48 euro in 2021
€10,000 euro in 1979 €44,222.96 euro in 2021
€50,000 euro in 1979 €221,114.8 euro in 2021
€100,000 euro in 1979 €442,229.6 euro in 2021
€500,000 euro in 1979 €2,211,148 euro in 2021
€1,000,000 euro in 1979 €4,422,296 euro in 2021
Cumulative inflation From 1979 386.42%
Avg. annual inflation From 1979 3.75%
CPI 1979 23.48
CPI today 114.21

Value of Euro over time (by year)

Period Value
1979 100
1980 118.15
1981 142.23
1982 166.61
1983 184.02
1984 199.94
1985 210.73
1986 218.79
1987 225.71
1988 230.52
1989 239.95
1990 247.91
1991 255.87
1992 263.73
1993 267.6
1994 273.78
1995 280.69
1996 285.62
1997 289.97
1998 296.98
1999 301.82
2000 318.7
2001 334.23
2002 349.65
2003 361.86
2004 369.82
2005 378.8
2006 393.69
2007 412.97
2008 429.74
2009 410.5
2010 406.71
2011 417.11
2012 424.19
2013 426.35
2014 427.12
2015 425.89
2016 425.92
2017 427.37
2018 429.46
2019 433.49
2020 432.04
2021 442.23
2022-08 483.09
Today 486.42

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 |

Other currencies: