Value of 1983 Euro (Ireland) today

€100 in 1983

€248.75 in 2019

The inflation rate in Ireland between 1983 and today has been 148.75%, which translates into a total increase of €148.75. This means that 100 euro in 1983 are equivalent to 248.75 euro in 2019. In other words, the purchasing power of €100 in 1983 equals €248.75 today. The average annual inflation rate has been 2.49%.

Inflation timeline in Ireland (1983-2019)

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 (1983-2019) 148.65%
Total Inflation* 148.75%
Annual inflation avg. (1983-2019) 2.56%
Annual inflation avg.* 2.49%
CPI 1983 40.53
CPI 2019 100.77
CPI today* 100.82
€1 in 1983 €2.49 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 36 years between 1983 and 2019 and the average inflation rate has been 2.4935%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)36 = €248.65

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 1983 was 40.53 and the CPI today is 100.82. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.77/40.53
= €248.65

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1983 €2.49 euro today
€5 euro in 1983 €12.44 euro today
€10 euro in 1983 €24.88 euro today
€50 euro in 1983 €124.38 euro today
€100 euro in 1983 €248.75 euro today
€500 euro in 1983 €1,243.76 euro today
€1,000 euro in 1983 €2,487.52 euro today
€5,000 euro in 1983 €12,437.58 euro today
€10,000 euro in 1983 €24,875.16 euro today
€50,000 euro in 1983 €124,375.82 euro today
€100,000 euro in 1983 €248,751.64 euro today
€500,000 euro in 1983 €1,243,758.22 euro today
€1,000,000 euro in 1983 €2,487,516.44 euro today

Value of Euro in time (by year)

Period Value
1983 100
1984 110.44
1985 117.72
1986 123.54
1987 127.43
1988 131.31
1989 134.95
1990 141.26
1991 144.9
1992 150.24
1993 153.64
1994 156.07
1995 159.71
1996 163.59
1997 166.75
1998 169.94
1999 172.9
2000 178.8
2001 189.13
2002 197.24
2003 207.08
2004 211.02
2005 216.67
2006 221.84
2007 232.91
2008 243.73
2009 246.43
2010 234.14
2011 237.33
2012 242.99
2013 245.94
2014 246.43
2015 245.69
2016 245.94
2017 245.94
2018 246.92
2019 248.65
Today 248.75