Value of 2006 Euro (Ireland) today

€100 in 2006
€123.55 in 2022

The inflation rate in Ireland between 2006 and today has been 23.55%, which translates into a total increase of €23.55. This means that 100 euro in 2006 are equivalent to 123.55 euro in 2022. In other words, the purchasing power of €100 in 2006 equals €123.55 today. The average annual inflation rate between these periods has been 1.33%.

Inflation timeline in Ireland (2006 - 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 2006-2021 12.33%
Cumulative inflation 2006-today 23.55%
Avg. Annual inflation 2006-2021 0.78%
CPI 2006 92.44
CPI 2021 103.84
CPI 2022-08 (latest official data) 113.43
CPI today 114.21

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 2006 and 2021, use the corresponding CPI values:

Value2021
=Value2006 ×
CPI2021/CPI2006
=€ 100 ×
103.84/92.44
€112.33

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.21:

Valuetoday
=Value2006 ×
CPItoday/CPI2006
=€ 100 ×
114.21/92.44
€123.55

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 15 years between 2006 and 2021 and the average inflation rate was 0.778%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=€100 × (1 + 0.00778)15
€112.33

Ireland inflation - Conversion table

Initial Value Equivalent value
€1 euro in 2006 €1.12 euro in 2021
€5 euro in 2006 €5.62 euro in 2021
€10 euro in 2006 €11.23 euro in 2021
€50 euro in 2006 €56.16 euro in 2021
€100 euro in 2006 €112.33 euro in 2021
€500 euro in 2006 €561.64 euro in 2021
€1,000 euro in 2006 €1,123.28 euro in 2021
€5,000 euro in 2006 €5,616.41 euro in 2021
€10,000 euro in 2006 €11,232.81 euro in 2021
€50,000 euro in 2006 €56,164.06 euro in 2021
€100,000 euro in 2006 €112,328.12 euro in 2021
€500,000 euro in 2006 €561,640.62 euro in 2021
€1,000,000 euro in 2006 €1,123,281.25 euro in 2021
Cumulative inflation From 2006 23.55%
Avg. annual inflation From 2006 1.33%
CPI 2006 92.44
CPI today 114.21

Value of Euro over time (by year)

Period Value
2006 100
2007 104.9
2008 109.16
2009 104.27
2010 103.31
2011 105.95
2012 107.75
2013 108.29
2014 108.49
2015 108.18
2016 108.19
2017 108.55
2018 109.08
2019 110.11
2020 109.74
2021 112.33
2022-08 122.71
Today 123.55

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: