Value of 2001 Euro (Ireland) today

€100 in 2001
€141.04 in 2022

The inflation rate in Ireland between 2001 and today has been 41.04%, which translates into a total increase of €41.04. This means that 100 euro in 2001 are equivalent to 141.04 euro in 2022. In other words, the purchasing power of €100 in 2001 equals €141.04 today. The average annual inflation rate between these periods has been 1.65%.

Inflation timeline in Ireland (2001 - 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 2001-2021 32.31%
Cumulative inflation 2001-today 41.04%
Avg. Annual inflation 2001-2021 1.41%
CPI 2001 78.48
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 2001 and 2021, use the corresponding CPI values:

Value2021
=Value2001 ×
CPI2021/CPI2001
=€ 100 ×
103.84/78.48
€132.31

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

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=€ 100 ×
110.68/78.48
€141.04

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 20 years between 2001 and 2021 and the average inflation rate was 1.4099%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.014099)20
€132.31

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2001 €1.32 euro in 2021
€5 euro in 2001 €6.62 euro in 2021
€10 euro in 2001 €13.23 euro in 2021
€50 euro in 2001 €66.16 euro in 2021
€100 euro in 2001 €132.31 euro in 2021
€500 euro in 2001 €661.57 euro in 2021
€1,000 euro in 2001 €1,323.14 euro in 2021
€5,000 euro in 2001 €6,615.68 euro in 2021
€10,000 euro in 2001 €13,231.37 euro in 2021
€50,000 euro in 2001 €66,156.84 euro in 2021
€100,000 euro in 2001 €132,313.68 euro in 2021
€500,000 euro in 2001 €661,568.4 euro in 2021
€1,000,000 euro in 2001 €1,323,136.8 euro in 2021
Cumulative inflation From 2001 41.04%
Avg. annual inflation From 2001 1.65%
CPI 2001 78.48
CPI today 110.68

Value of Euro over time (by year)

Period Value
2001 100
2002 104.61
2003 108.27
2004 110.65
2005 113.34
2006 117.79
2007 123.56
2008 128.58
2009 122.82
2010 121.69
2011 124.8
2012 126.92
2013 127.56
2014 127.79
2015 127.42
2016 127.43
2017 127.87
2018 128.49
2019 129.7
2020 129.27
2021 132.31
2022-04 140.47
Today 141.04

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: