Value of 1991 Euro (Ireland) today

€100 in 1991

€171.65 in 2019

The inflation rate in Ireland between 1991 and today has been 71.65%, which translates into a total increase of €71.65. This means that 100 euro in 1991 are equivalent to 171.65 euro in 2019. In other words, the purchasing power of €100 in 1991 equals €171.65 today. The average annual inflation rate has been 1.88%.

Inflation timeline in Ireland (1991-2019)

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 (1991-2019) 71.59%
Total Inflation* 71.65%
Annual inflation avg. (1991-2019) 1.95%
Annual inflation avg.* 1.88%
CPI 1991 58.73
CPI 2019 100.77
CPI today* 100.81
€1 in 1991 €1.72 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 28 years between 1991 and 2019 and the average inflation rate has been 1.8806%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)28 = €171.59

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 1991 was 58.73 and the CPI today is 100.81. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.77/58.73
= €171.59

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1991 €1.72 euro today
€5 euro in 1991 €8.58 euro today
€10 euro in 1991 €17.17 euro today
€50 euro in 1991 €85.83 euro today
€100 euro in 1991 €171.65 euro today
€500 euro in 1991 €858.27 euro today
€1,000 euro in 1991 €1,716.55 euro today
€5,000 euro in 1991 €8,582.73 euro today
€10,000 euro in 1991 €17,165.45 euro today
€50,000 euro in 1991 €85,827.27 euro today
€100,000 euro in 1991 €171,654.54 euro today
€500,000 euro in 1991 €858,272.68 euro today
€1,000,000 euro in 1991 €1,716,545.36 euro today

Value of Euro in time (by year)

Period Value
1991 100
1992 103.69
1993 106.03
1994 107.71
1995 110.22
1996 112.9
1997 115.08
1998 117.28
1999 119.32
2000 123.39
2001 130.52
2002 136.12
2003 142.91
2004 145.63
2005 149.53
2006 153.09
2007 160.73
2008 168.2
2009 170.07
2010 161.58
2011 163.79
2012 167.69
2013 169.73
2014 170.07
2015 169.56
2016 169.73
2017 169.73
2018 170.41
2019 171.59
Today 171.65