Euro Inflation Calculator
Euro Inflation Rate, 1997-2007 (€100)
According to the European Central Bank consumer price index, the euro experienced an average inflation rate of 2.01% per year. Prices in 2007 are 22.0% higher than prices in 1997.
In other words, €100 in the year 1997 is equivalent in purchasing power to €122.04 in 2007, a difference of €22.04 over 10 years.
The inflation rate in 2007 was 2.17%.
| Cumulative price change | 22.04% |
| Average inflation rate | 2.01% |
| Price difference (€100 base) | €22.04 |
| CPI in 1997 | 72.555 |
| CPI in 2007 | 88.54833333 |
How to calculate the inflation rate for €100, 1997 to 2007
Start with the inflation rate formula:CPI in 2007 / CPI in 1997 * 1997 EUR value = 2007 EUR value
Then plug in historical CPI values. The Euro CPI was 72.555 in the year 1997 and 88.54833333 in 2007:
88.54833333 / 72.555 * €100 = €122.04
€100 in 1997 has the same "purchasing power" as €122.04 in 2007.
News headlines from 1997
Politics and news often influence economic performance. Here's what was happening at the time:
- 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
Raw data for these calculations comes from 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.
You may use the following MLA citation for this page: “1997 euros in 2007 | Euro Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Apr. 2018, http://www.in2013dollars.com/1997-euro-in-2007.