Value of 2005 Euro (Ireland) today

€100 in 2005
€130.26 in 2022

The inflation rate in Ireland between 2005 and today has been 30.26%, which translates into a total increase of €30.26. This means that 100 euro in 2005 are equivalent to 130.26 euro in 2022. In other words, the purchasing power of €100 in 2005 equals €130.26 today. The average annual inflation rate between these periods has been 1.57%.

Inflation timeline in Ireland (2005 - 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 2005-2021 16.74%
Cumulative inflation 2005-today 30.26%
Avg. Annual inflation 2005-2021 0.97%
CPI 2005 88.94
CPI 2021 103.84
CPI 2022-10 (latest official data) 115.23
CPI today 115.86

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 2005 and 2021, use the corresponding CPI values:

Value2021
=Value2005 ×
CPI2021/CPI2005
=€ 100 ×
103.84/88.94
€116.74

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.86:

Valuetoday
=Value2005 ×
CPItoday/CPI2005
=€ 100 ×
115.86/88.94
€130.26

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 16 years between 2005 and 2021 and the average inflation rate was 0.9723%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.009723)16
€116.74

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2005 €1.17 euro in 2021
€5 euro in 2005 €5.84 euro in 2021
€10 euro in 2005 €11.67 euro in 2021
€50 euro in 2005 €58.37 euro in 2021
€100 euro in 2005 €116.74 euro in 2021
€500 euro in 2005 €583.72 euro in 2021
€1,000 euro in 2005 €1,167.44 euro in 2021
€5,000 euro in 2005 €5,837.22 euro in 2021
€10,000 euro in 2005 €11,674.45 euro in 2021
€50,000 euro in 2005 €58,372.23 euro in 2021
€100,000 euro in 2005 €116,744.45 euro in 2021
€500,000 euro in 2005 €583,722.26 euro in 2021
€1,000,000 euro in 2005 €1,167,444.51 euro in 2021
Cumulative inflation From 2005 30.26%
Avg. annual inflation From 2005 1.57%
CPI 2005 88.94
CPI today 115.86

Value of Euro over time (by year)

Period Value
2005 100
2006 103.93
2007 109.02
2008 113.45
2009 108.37
2010 107.37
2011 110.11
2012 111.98
2013 112.55
2014 112.76
2015 112.43
2016 112.44
2017 112.82
2018 113.37
2019 114.44
2020 114.05
2021 116.74
2022-10 129.55
Today 130.26

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: