Value of 1984 Euro (Ireland) today

€100 in 1984

€225.23 in 2019

The inflation rate in Ireland between 1984 and today has been 125.23%, which translates into a total increase of €125.23. This means that 100 euro in 1984 are equivalent to 225.23 euro in 2019. In other words, the purchasing power of €100 in 1984 equals €225.23 today. The average annual inflation rate has been 2.28%.

Inflation timeline in Ireland (1984-2019)

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 (1984-2019) 125.15%
Total Inflation* 125.23%
Annual inflation avg. (1984-2019) 2.35%
Annual inflation avg.* 2.28%
CPI 1984 44.76
CPI 2019 100.77
CPI today* 100.81
€1 in 1984 €2.25 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 35 years between 1984 and 2019 and the average inflation rate has been 2.281%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)35 = €225.15

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 1984 was 44.76 and the CPI today is 100.81. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.77/44.76
= €225.15

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1984 €2.25 euro today
€5 euro in 1984 €11.26 euro today
€10 euro in 1984 €22.52 euro today
€50 euro in 1984 €112.61 euro today
€100 euro in 1984 €225.23 euro today
€500 euro in 1984 €1,126.13 euro today
€1,000 euro in 1984 €2,252.26 euro today
€5,000 euro in 1984 €11,261.29 euro today
€10,000 euro in 1984 €22,522.59 euro today
€50,000 euro in 1984 €112,612.93 euro today
€100,000 euro in 1984 €225,225.86 euro today
€500,000 euro in 1984 €1,126,129.32 euro today
€1,000,000 euro in 1984 €2,252,258.64 euro today

Value of Euro in time (by year)

Period Value
1984 100
1985 106.59
1986 111.87
1987 115.38
1988 118.9
1989 122.2
1990 127.91
1991 131.21
1992 136.04
1993 139.12
1994 141.32
1995 144.62
1996 148.13
1997 150.99
1998 153.88
1999 156.56
2000 161.9
2001 171.25
2002 178.6
2003 187.51
2004 191.07
2005 196.2
2006 200.87
2007 210.89
2008 220.69
2009 223.14
2010 212.01
2011 214.9
2012 220.03
2013 222.7
2014 223.14
2015 222.47
2016 222.7
2017 222.7
2018 223.59
2019 225.15
Today 225.23