Value of 1980 Euro (Ireland) today

€100 in 1980
€411.49 in 2022

The inflation rate in Ireland between 1980 and today has been 311.49%, which translates into a total increase of €311.49. This means that 100 euro in 1980 are equivalent to 411.49 euro in 2022. In other words, the purchasing power of €100 in 1980 equals €411.49 today. The average annual inflation rate between these periods has been 3.43%.

Inflation timeline in Ireland (1980 - 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 1980-2021 274.28%
Cumulative inflation 1980-today 311.49%
Avg. Annual inflation 1980-2021 3.27%
CPI 1980 27.74
CPI 2021 103.84
CPI 2022-08 (latest official data) 113.43
CPI today 114.16

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 1980 and 2021, use the corresponding CPI values:

Value2021
=Value1980 ×
CPI2021/CPI1980
=€ 100 ×
103.84/27.74
€374.28

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.16:

Valuetoday
=Value1980 ×
CPItoday/CPI1980
=€ 100 ×
114.16/27.74
€411.49

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 41 years between 1980 and 2021 and the average inflation rate was 3.2715%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.032715)41
€374.28

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1980 €3.74 euro in 2021
€5 euro in 1980 €18.71 euro in 2021
€10 euro in 1980 €37.43 euro in 2021
€50 euro in 1980 €187.14 euro in 2021
€100 euro in 1980 €374.28 euro in 2021
€500 euro in 1980 €1,871.4 euro in 2021
€1,000 euro in 1980 €3,742.81 euro in 2021
€5,000 euro in 1980 €18,714.05 euro in 2021
€10,000 euro in 1980 €37,428.09 euro in 2021
€50,000 euro in 1980 €187,140.45 euro in 2021
€100,000 euro in 1980 €374,280.9 euro in 2021
€500,000 euro in 1980 €1,871,404.52 euro in 2021
€1,000,000 euro in 1980 €3,742,809.05 euro in 2021
Cumulative inflation From 1980 311.49%
Avg. annual inflation From 1980 3.43%
CPI 1980 27.74
CPI today 114.16

Value of Euro over time (by year)

Period Value
1980 100
1981 120.37
1982 141.01
1983 155.75
1984 169.22
1985 178.35
1986 185.18
1987 191.03
1988 195.1
1989 203.08
1990 209.82
1991 216.56
1992 223.2
1993 226.48
1994 231.71
1995 237.56
1996 241.73
1997 245.42
1998 251.35
1999 255.45
2000 269.73
2001 282.87
2002 295.93
2003 306.26
2004 312.99
2005 320.6
2006 333.2
2007 349.52
2008 363.71
2009 347.42
2010 344.22
2011 353.02
2012 359.01
2013 360.84
2014 361.5
2015 360.45
2016 360.48
2017 361.71
2018 363.47
2019 366.89
2020 365.66
2021 374.28
2022-08 408.86
Today 411.49

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: