Value of 1989 Euro (Ireland) today

€100 in 1989
€216.52 in 2024

The inflation rate in Ireland between 1989 and today has been 116.52%, which translates into a total increase of €116.52. This means that 100 euro in 1989 are equivalent to 216.52 euro in 2024. In other words, the purchasing power of €100 in 1989 equals €216.52 today. The average annual inflation rate between these periods has been 2.23%.

Inflation timeline in Ireland (1989 - 2024)

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 1989-2023 111.19%
Cumulative inflation 1989-today 116.52%
Avg. Annual inflation 1989-2023 2.22%
CPI 1989 56.36
CPI 2023 119.03
CPI 2024-10 (latest official data) 121.96
CPI today 122.03

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 1989 and 2023, use the corresponding CPI values:

Value2023
=Value1989 ×
CPI2023/CPI1989
=€ 100 ×
119.03/56.36
€211.19

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.03:

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=€ 100 ×
122.03/56.36
€216.52

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 1989 and 2023 and the average inflation rate was 2.2231%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=€100 × (1 + 0.022231)34
€211.19

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1989 €2.11 euro in 2023
€5 euro in 1989 €10.56 euro in 2023
€10 euro in 1989 €21.12 euro in 2023
€50 euro in 1989 €105.59 euro in 2023
€100 euro in 1989 €211.19 euro in 2023
€500 euro in 1989 €1,055.95 euro in 2023
€1,000 euro in 1989 €2,111.9 euro in 2023
€5,000 euro in 1989 €10,559.49 euro in 2023
€10,000 euro in 1989 €21,118.98 euro in 2023
€50,000 euro in 1989 €105,594.91 euro in 2023
€100,000 euro in 1989 €211,189.82 euro in 2023
€500,000 euro in 1989 €1,055,949.12 euro in 2023
€1,000,000 euro in 1989 €2,111,898.24 euro in 2023
Cumulative inflation From 1989 116.52%
Avg. annual inflation From 1989 2.23%
CPI 1989 56.36
CPI today 122.03

Value of Euro over time (by year)

Period Value
1989 100
1990 103.32
1991 106.63
1992 109.91
1993 111.52
1994 114.1
1995 116.98
1996 119.03
1997 120.87
1998 123.78
1999 125.8
2000 132.81
2001 139.26
2002 145.7
2003 150.79
2004 154.08
2005 157.86
2006 164.07
2007 172.09
2008 179.04
2009 171.07
2010 169.5
2011 173.82
2012 176.77
2013 177.68
2014 178.02
2015 177.43
2016 177.46
2017 178.11
2018 178.95
2019 180.62
2020 180.04
2021 184.25
2022 198.67
2023 211.19
2024-10 216.39
Today 216.52

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 | 2023 |

Other currencies: