€100 in 1998 → €105.88 in 2001

Euro Inflation Calculator

Euro Inflation Rate, 1998-2001 (€100)

According to the European Central Bank consumer price index, the euro experienced an average inflation rate of 1.92% per year. Prices in 2001 are 5.9% higher than prices in 1998.

In other words, €100 in the year 1998 is equivalent in purchasing power to €105.88 in 2001, a difference of €5.88 over 3 years.

The inflation rate in 2001 was 2.41%.

Inflation from 1998 to 2001
Cumulative price change 5.88%
Average inflation rate 1.92%
Price difference (€100 base) €5.88
CPI in 1998 73.445
CPI in 2001 77.76

Euro inflation chart from 1996 to 2017

How to calculate the inflation rate for €100, 1998 to 2001

Start with the inflation rate formula:

CPI in 2001 / CPI in 1998 * 1998 EUR value = 2001 EUR value

Then plug in historical CPI values. The Euro CPI was 73.445 in the year 1998 and 77.76 in 2001:

77.76 / 73.445 * €100 = €105.88

€100 in 1998 has the same "purchasing power" as €105.88 in 2001.

News headlines from 1998

Politics and news often influence economic performance. Here's what was happening at the time:

  • Osama Bin Laden declares a Jihad against Jews and Crusaders.
  • The Good Friday Agreement is accepted in a referendum in Northern Ireland.
  • President of the US Bill Clinton admits that he had an "improper physical relationship" with an intern and then denied it in the same day. The event has come to be known as the Monica Lewinsky scandal.

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: “1998 euros in 2001 | Euro Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Feb. 2018, http://www.in2013dollars.com/1998-euro-in-2001.

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