Ireland Inflation Calculator

Buying power of €100 in 2019

This chart shows a calculation of buying power equivalence for €100 in 2019 (price index tracking began in 1955).

For example, if you started with €100, you would need to end with €123.30 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €123.30 over time, that means that the "real value" of a single Irish euro decreases over time. In other words, a euro will pay for fewer items at the store.

This effect explains how inflation erodes the value of a euro over time. By calculating the value in 2019 dollars, the chart below shows how €100 is worth less over 5 years.

According to the OECD and the World Bank, each of these EUR amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 2019 amounts in today's euros, based on the 23.30% change in prices:

How to calculate inflation rate for €100 since 2019

Our calculations use the following inflation rate formula to calculate the change in value between 2019 and today:

Then plug in historical CPI values. The Irish CPI was 101.7859 in the year 2019 and 125.50306421578016 in 2024:

€100 in 2019 has the same "purchasing power" or "buying power" as €123.30 in 2024.

To get the total inflation rate for the 5 years between 2019 and 2024, we use the following formula:

Plugging in the values to this equation, we get:

Data source & citation

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