€100 in 1997 → €101.23 in 1998

Euro Inflation Calculator

Euro Inflation Rate, 1997-1998 (€100)

According to the European Central Bank, the euro experienced an average inflation rate of 1.23% per year. Prices in 1998 are 1.2% higher than prices in 1997.

In other words, €100 in the year 1997 is equivalent to €101.23 in 1998, a difference of €1.23 over 1 years.

The inflation rate in 1998 was 1.23%.

Inflation from 1997 to 1998
Cumulative price change 1.23%
Average inflation rate 1.23%
Price difference (€100 base) €1.23
CPI in 1997 72.555
CPI in 1998 73.445


Euro inflation chart from 1996 to 2017


How to calculate the inflation rate for €100, 1997 to 1998

Start with the inflation rate formula:

CPI in 1998 / CPI in 1997 * 1997 EUR value = 1998 EUR value

Then plug in historical CPI values. The Euro CPI was 72.555 in the year 1997 and 73.445 in 1998:

73.445 / 72.555 * €100 = €101.23

The "purchasing power" of €100 from 1997 is €101.23 in 1998.


News headlines from 1997

Politics and news often play an important role in economic performance.

  • Production, stockpiling and use of chemical weapons is outlawed as the Chemical Weapons Convention of 1993 comes into force.
  • The British lease of the New Territories in Hong Kong expires.
  • Diana, Princess of Wales, dies in a car crash in Paris,.
  • Hong Kong begins slaughtering chickens to prevent bird flu,.

Inflation Data Source: The European Commission and the European Central Bank's Harmonized Index of Consumer prices (HICP), which is computed based on the reported consumer price indices in member countries of the European Union.


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