Value of 1992 Euro (Ireland) today

€100 in 1992

€165.55 in 2019

The inflation rate in Ireland between 1992 and today has been 65.55%, which translates into a total increase of €65.55. This means that 100 euro in 1992 are equivalent to 165.55 euro in 2019. In other words, the purchasing power of €100 in 1992 equals €165.55 today. The average annual inflation rate has been 1.82%.

Inflation timeline in Ireland (1992-2019)

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 (1992-2019) 65.5%
Total Inflation* 65.55%
Annual inflation avg. (1992-2019) 1.88%
Annual inflation avg.* 1.82%
CPI 1992 60.89
CPI 2019 100.77
CPI today* 100.81
€1 in 1992 €1.65 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 27 years between 1992 and 2019 and the average inflation rate has been 1.8167%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.02)27 = €165.5

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 1992 was 60.89 and the CPI today is 100.81. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.77/60.89
= €165.5

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1992 €1.66 euro today
€5 euro in 1992 €8.28 euro today
€10 euro in 1992 €16.56 euro today
€50 euro in 1992 €82.78 euro today
€100 euro in 1992 €165.55 euro today
€500 euro in 1992 €827.75 euro today
€1,000 euro in 1992 €1,655.51 euro today
€5,000 euro in 1992 €8,277.53 euro today
€10,000 euro in 1992 €16,555.05 euro today
€50,000 euro in 1992 €82,775.26 euro today
€100,000 euro in 1992 €165,550.51 euro today
€500,000 euro in 1992 €827,752.56 euro today
€1,000,000 euro in 1992 €1,655,505.12 euro today

Value of Euro in time (by year)

Period Value
1992 100
1993 102.26
1994 103.88
1995 106.3
1996 108.89
1997 110.99
1998 113.11
1999 115.08
2000 119.01
2001 125.88
2002 131.28
2003 137.83
2004 140.45
2005 144.22
2006 147.65
2007 155.02
2008 162.22
2009 164.02
2010 155.84
2011 157.97
2012 161.73
2013 163.7
2014 164.02
2015 163.53
2016 163.7
2017 163.7
2018 164.35
2019 165.5
Today 165.55