Value of 1987 Euro (Ireland) today

€100 in 1987
€218.62 in 2022

The inflation rate in Ireland between 1987 and today has been 118.62%, which translates into a total increase of €118.62. This means that 100 euro in 1987 are equivalent to 218.62 euro in 2022. In other words, the purchasing power of €100 in 1987 equals €218.62 today. The average annual inflation rate between these periods has been 2.26%.

Inflation timeline in Ireland (1987 - 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 1987-2021 95.93%
Cumulative inflation 1987-today 118.62%
Avg. Annual inflation 1987-2021 2%
CPI 1987 53
CPI 2021 103.84
CPI 2022-10 (latest official data) 115.23
CPI today 115.86

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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=€ 100 ×
103.84/53
€195.93

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.86:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=€ 100 ×
115.86/53
€218.62

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 34 years between 1987 and 2021 and the average inflation rate was 1.9979%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.019979)34
€195.93

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1987 €1.96 euro in 2021
€5 euro in 1987 €9.8 euro in 2021
€10 euro in 1987 €19.59 euro in 2021
€50 euro in 1987 €97.97 euro in 2021
€100 euro in 1987 €195.93 euro in 2021
€500 euro in 1987 €979.66 euro in 2021
€1,000 euro in 1987 €1,959.31 euro in 2021
€5,000 euro in 1987 €9,796.55 euro in 2021
€10,000 euro in 1987 €19,593.1 euro in 2021
€50,000 euro in 1987 €97,965.51 euro in 2021
€100,000 euro in 1987 €195,931.01 euro in 2021
€500,000 euro in 1987 €979,655.06 euro in 2021
€1,000,000 euro in 1987 €1,959,310.13 euro in 2021
Cumulative inflation From 1987 118.62%
Avg. annual inflation From 1987 2.26%
CPI 1987 53
CPI today 115.86

Value of Euro over time (by year)

Period Value
1987 100
1988 102.13
1989 106.31
1990 109.84
1991 113.36
1992 116.84
1993 118.56
1994 121.3
1995 124.36
1996 126.54
1997 128.47
1998 131.58
1999 133.72
2000 141.2
2001 148.08
2002 154.91
2003 160.32
2004 163.85
2005 167.83
2006 174.43
2007 182.97
2008 190.4
2009 181.87
2010 180.2
2011 184.8
2012 187.94
2013 188.89
2014 189.24
2015 188.69
2016 188.71
2017 189.35
2018 190.27
2019 192.06
2020 191.42
2021 195.93
2022-10 217.42
Today 218.62

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: