Value of 1979 Euro (Ireland) today

€100 in 1979

€471.46 in 2019

The inflation rate in Ireland between 1979 and today has been 371.46%, which translates into a total increase of €371.46. This means that 100 euro in 1979 are equivalent to 471.46 euro in 2019. In other words, the purchasing power of €100 in 1979 equals €471.46 today. The average annual inflation rate has been 3.85%.

Inflation timeline in Ireland (1979-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to 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. 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 (1979-2019) 371.24%
Total Inflation* 371.46%
Annual inflation avg. (1979-2019) 3.95%
Annual inflation avg.* 3.85%
CPI 1979 21.38
CPI 2019 100.77
CPI today* 100.82
€1 in 1979 €4.71 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 40 years between 1979 and 2019 and the average inflation rate has been 3.8545%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.04)40 = €471.24

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 1979 was 21.38 and the CPI today is 100.82. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.77/21.38
= €471.24

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1979 €4.71 euro today
€5 euro in 1979 €23.57 euro today
€10 euro in 1979 €47.15 euro today
€50 euro in 1979 €235.73 euro today
€100 euro in 1979 €471.46 euro today
€500 euro in 1979 €2,357.31 euro today
€1,000 euro in 1979 €4,714.62 euro today
€5,000 euro in 1979 €23,573.09 euro today
€10,000 euro in 1979 €47,146.19 euro today
€50,000 euro in 1979 €235,730.93 euro today
€100,000 euro in 1979 €471,461.86 euro today
€500,000 euro in 1979 €2,357,309.31 euro today
€1,000,000 euro in 1979 €4,714,618.62 euro today

Value of Euro in time (by year)

Period Value
1979 100
1980 115.86
1981 137
1982 168.72
1983 189.52
1984 209.3
1985 223.1
1986 234.14
1987 241.5
1988 248.86
1989 255.77
1990 267.73
1991 274.63
1992 284.75
1993 291.19
1994 295.79
1995 302.69
1996 310.05
1997 316.03
1998 322.09
1999 327.68
2000 338.87
2001 358.44
2002 373.82
2003 392.47
2004 399.93
2005 410.65
2006 420.44
2007 441.41
2008 461.92
2009 467.05
2010 443.74
2011 449.8
2012 460.52
2013 466.12
2014 467.05
2015 465.65
2016 466.12
2017 466.12
2018 467.98
2019 471.24
Today 471.46