Value of 1988 Euro (Ireland) today

€100 in 1988
€214.68 in 2023

The inflation rate in Ireland between 1988 and today has been 114.68%, which translates into a total increase of €114.68. This means that 100 euro in 1988 are equivalent to 214.68 euro in 2023. In other words, the purchasing power of €100 in 1988 equals €214.68 today. The average annual inflation rate between these periods has been 2.21%.

Inflation timeline in Ireland (1988 - 2023)

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 1988-2022 106.81%
Cumulative inflation 1988-today 114.68%
Avg. Annual inflation 1988-2022 2.16%
CPI 1988 54.13
CPI 2022 111.94
CPI 2022-12 (latest official data) 115.42
CPI today 116.21

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 1988 and 2022, use the corresponding CPI values:

Value2022
=Value1988 ×
CPI2022/CPI1988
=€ 100 ×
111.94/54.13
€206.81

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 116.21:

Valuetoday
=Value1988 ×
CPItoday/CPI1988
=€ 100 ×
116.21/54.13
€214.68

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 1988 and 2022 and the average inflation rate was 2.1602%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=€100 × (1 + 0.021602)34
€206.81

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1988 €2.07 euro in 2022
€5 euro in 1988 €10.34 euro in 2022
€10 euro in 1988 €20.68 euro in 2022
€50 euro in 1988 €103.41 euro in 2022
€100 euro in 1988 €206.81 euro in 2022
€500 euro in 1988 €1,034.07 euro in 2022
€1,000 euro in 1988 €2,068.14 euro in 2022
€5,000 euro in 1988 €10,340.68 euro in 2022
€10,000 euro in 1988 €20,681.35 euro in 2022
€50,000 euro in 1988 €103,406.76 euro in 2022
€100,000 euro in 1988 €206,813.52 euro in 2022
€500,000 euro in 1988 €1,034,067.62 euro in 2022
€1,000,000 euro in 1988 €2,068,135.24 euro in 2022
Cumulative inflation From 1988 114.68%
Avg. annual inflation From 1988 2.21%
CPI 1988 54.13
CPI today 116.21

Value of Euro over time (by year)

Period Value
1988 100
1989 104.09
1990 107.54
1991 111
1992 114.4
1993 116.08
1994 118.76
1995 121.76
1996 123.9
1997 125.79
1998 128.83
1999 130.93
2000 138.25
2001 144.99
2002 151.68
2003 156.97
2004 160.42
2005 164.32
2006 170.78
2007 179.15
2008 186.42
2009 178.07
2010 176.43
2011 180.94
2012 184.01
2013 184.95
2014 185.28
2015 184.75
2016 184.76
2017 185.39
2018 186.3
2019 188.05
2020 187.42
2021 191.84
2022 206.81
2022-12 213.24
Today 214.68

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 | 2022 |

Other currencies: