Skip to content
CentExact
Country

Saving & investing

Inflation Calculator: Ireland

See what an amount from any past year is worth today in 15 countries, or deflate today's money back in time, using each country's own official price index.

Reviewed by CentExactRates effective 1 sourceCalculated in your browser. Shared links include inputs.
Country

Consumer Price Index, 2010=100, 1922 to 2025.

Amount and years
€

Annual averages, 1922 to 2025. Enter a later "from" year to deflate.

Ireland: the series starts in 1922, and it is a new index rather than a continuation

Ireland's first official consumer price index was compiled for March 1922, weighted from a household budget inquiry that June in which just 308 households returned usable figures. It kept the base of the index that preceded it, July 1914 = 100, which makes it look like a continuation of the British cost-of-living series covering Ireland before independence. It is not. New weights, new price collection, a new compiler; the numbers happen to share an anchor.

That matters if you are converting from before 1922. The pre-independence figures belong to a different index, and this page does not chain them.

One more limitation on old Irish figures: the index was compiled quarterly until 1976, measured in the middle of February, May, August and November. An annual average from 1950 rests on four observations, not twelve, so treat a single year's conversion as approximate rather than precise.

The punt is the one euro conversion that makes the number bigger

Ireland adopted the euro on 1 January 2002 at a fixed rate of 0.787564 punts to the euro. Of the currencies that joined, the punt was the only one worth more than the euro, so a punt price converts upward: a IEP 100 figure is about EUR 127.

People routinely get this backwards, because every other euro-area conversion runs the other way, and because the mental habit from lira, pesetas or francs is to divide by a large number. The index handles the changeover on its own; the trap is in what you type into the box.

Mortgage interest is in this index and out of the European one

Ireland publishes a national CPI and an EU-harmonised HICP. The methods are now identical and the difference is coverage: the HICP leaves out mortgage interest, motor tax and insurance, dwelling and contents insurance and local property tax, currently around 4.6% of the national index's expenditure weight.

Mortgage interest entered the Irish CPI at the November 1975 rebase, on a user-cost view of owner-occupied housing, and it is in the series used here. During a period of moving interest rates the two measures separate noticeably, so check which one a quoted Irish inflation figure refers to before comparing it with this page.

For how the calculation works, the formula behind it and what it leaves out, see the full guide. For help interpreting a result or comparing it with a quote or statement, read the questions and answers.

Data sources

Consumer Price Index, annual averages (2010 = 100)Central Statistics OfficeWithin its effective period

Every document each dataset was read from, its notes and how the figures were checked are listed in the guide's data sources.

This calculator in other countries

Each country has its own rates, thresholds and rules, and its own page that runs the calculator on them and cites the official sources they came from.

CentExactCalculator publisher

CentExact publishes the calculation method, worked examples and available data sources. Automated checks cover reference calculations; they do not certify a result for your circumstances or imply approval by a lender or tax authority.

How we build and test our calculators

Figures are estimates derived from published rates and rules, current at the review date shown at the top of this page and taken from the sources listed under Data sources on this page. Rates, fees and thresholds change; always confirm current values with the official source before relying on a result.