Value of 1997 Euro (Ireland) today

€100 in 1997
€164.53 in 2022

The inflation rate in Ireland between 1997 and today has been 64.53%, which translates into a total increase of €64.53. This means that 100 euro in 1997 are equivalent to 164.53 euro in 2022. In other words, the purchasing power of €100 in 1997 equals €164.53 today. The average annual inflation rate between these periods has been 2.01%.

Inflation timeline in Ireland (1997 - 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 1997-2021 52.51%
Cumulative inflation 1997-today 64.53%
Avg. Annual inflation 1997-2021 1.77%
CPI 1997 68.09
CPI 2021 103.84
CPI 2022-05 (latest official data) 111.24
CPI today 112.03

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 1997 and 2021, use the corresponding CPI values:

Value2021
=Value1997 ×
CPI2021/CPI1997
=€ 100 ×
103.84/68.09
€152.51

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.03:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=€ 100 ×
112.03/68.09
€164.53

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 24 years between 1997 and 2021 and the average inflation rate was 1.7741%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.017741)24
€152.51

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 1997 €1.53 euro in 2021
€5 euro in 1997 €7.63 euro in 2021
€10 euro in 1997 €15.25 euro in 2021
€50 euro in 1997 €76.25 euro in 2021
€100 euro in 1997 €152.51 euro in 2021
€500 euro in 1997 €762.53 euro in 2021
€1,000 euro in 1997 €1,525.07 euro in 2021
€5,000 euro in 1997 €7,625.35 euro in 2021
€10,000 euro in 1997 €15,250.7 euro in 2021
€50,000 euro in 1997 €76,253.49 euro in 2021
€100,000 euro in 1997 €152,506.97 euro in 2021
€500,000 euro in 1997 €762,534.87 euro in 2021
€1,000,000 euro in 1997 €1,525,069.75 euro in 2021
Cumulative inflation From 1997 64.53%
Avg. annual inflation From 1997 2.01%
CPI 1997 68.09
CPI today 112.03

Value of Euro over time (by year)

Period Value
1997 100
1998 102.42
1999 104.09
2000 109.91
2001 115.26
2002 120.58
2003 124.79
2004 127.53
2005 130.63
2006 135.77
2007 142.42
2008 148.2
2009 141.56
2010 140.26
2011 143.85
2012 146.29
2013 147.03
2014 147.3
2015 146.87
2016 146.88
2017 147.38
2018 148.1
2019 149.49
2020 148.99
2021 152.51
2022-05 163.38
Today 164.53

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: