Value of 1991 Euro (Ireland) today

€100 in 1991
€184.23 in 2022

The inflation rate in Ireland between 1991 and today has been 84.23%, which translates into a total increase of €84.23. This means that 100 euro in 1991 are equivalent to 184.23 euro in 2022. In other words, the purchasing power of €100 in 1991 equals €184.23 today. The average annual inflation rate between these periods has been 1.99%.

Inflation timeline in Ireland (1991 - 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 1991-2021 72.83%
Cumulative inflation 1991-today 84.23%
Avg. Annual inflation 1991-2021 1.84%
CPI 1991 60.08
CPI 2021 103.84
CPI 2022-04 (latest official data) 110.24
CPI today 110.68

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 1991 and 2021, use the corresponding CPI values:

Value2021
=Value1991 ×
CPI2021/CPI1991
=€ 100 ×
103.84/60.08
€172.83

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 110.68:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=€ 100 ×
110.68/60.08
€184.23

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 30 years between 1991 and 2021 and the average inflation rate was 1.8406%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.018406)30
€172.83

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1991 €1.73 euro in 2021
€5 euro in 1991 €8.64 euro in 2021
€10 euro in 1991 €17.28 euro in 2021
€50 euro in 1991 €86.42 euro in 2021
€100 euro in 1991 €172.83 euro in 2021
€500 euro in 1991 €864.17 euro in 2021
€1,000 euro in 1991 €1,728.33 euro in 2021
€5,000 euro in 1991 €8,641.66 euro in 2021
€10,000 euro in 1991 €17,283.31 euro in 2021
€50,000 euro in 1991 €86,416.56 euro in 2021
€100,000 euro in 1991 €172,833.12 euro in 2021
€500,000 euro in 1991 €864,165.61 euro in 2021
€1,000,000 euro in 1991 €1,728,331.22 euro in 2021
Cumulative inflation From 1991 84.23%
Avg. annual inflation From 1991 1.99%
CPI 1991 60.08
CPI today 110.68

Value of Euro over time (by year)

Period Value
1991 100
1992 103.07
1993 104.58
1994 107
1995 109.7
1996 111.63
1997 113.33
1998 116.07
1999 117.96
2000 124.55
2001 130.62
2002 136.65
2003 141.42
2004 144.53
2005 148.04
2006 153.86
2007 161.4
2008 167.95
2009 160.43
2010 158.95
2011 163.02
2012 165.78
2013 166.63
2014 166.93
2015 166.45
2016 166.46
2017 167.03
2018 167.84
2019 169.42
2020 168.85
2021 172.83
2022-04 183.49
Today 184.23

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: