Value of 2001 Euro (Ireland) today

€100 in 2001

€131.53 in 2019

The inflation rate in Ireland between 2001 and today has been 31.53%, which translates into a total increase of €31.53. This means that 100 euro in 2001 are equivalent to 131.53 euro in 2019. In other words, the purchasing power of €100 in 2001 equals €131.53 today. The average annual inflation rate has been 1.45%.

Inflation timeline in Ireland (2001-2019)

The following chart ilustrates the equivalence of €100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (2001-2019) 31.47%
Total Inflation* 31.53%
Annual inflation avg. (2001-2019) 1.53%
Annual inflation avg.* 1.45%
CPI 2001 76.65
CPI 2019 100.77
CPI today* 100.82
€1 in 2001 €1.31 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 18 years between 2001 and 2019 and the average inflation rate has been 1.4528%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = €100 * (1 + 0.01)18 = €131.47

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 2001 was 76.65 and the CPI today is 100.82. Therefore,

Final value = Initial value *
CPI final/CPI initial
= €100 *
100.77/76.65
= €131.47

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2001 €1.32 euro today
€5 euro in 2001 €6.58 euro today
€10 euro in 2001 €13.15 euro today
€50 euro in 2001 €65.76 euro today
€100 euro in 2001 €131.53 euro today
€500 euro in 2001 €657.64 euro today
€1,000 euro in 2001 €1,315.28 euro today
€5,000 euro in 2001 €6,576.4 euro today
€10,000 euro in 2001 €13,152.8 euro today
€50,000 euro in 2001 €65,764 euro today
€100,000 euro in 2001 €131,528 euro today
€500,000 euro in 2001 €657,640.02 euro today
€1,000,000 euro in 2001 €1,315,280.04 euro today

Value of Euro in time (by year)

Period Value
2001 100
2002 104.29
2003 109.49
2004 111.57
2005 114.56
2006 117.3
2007 123.15
2008 128.87
2009 130.3
2010 123.8
2011 125.49
2012 128.48
2013 130.04
2014 130.3
2015 129.91
2016 130.04
2017 130.04
2018 130.56
2019 131.47
Today 131.53