€100 in 1998 → €130.47 in 2011

Euro Inflation Calculator

Euro Inflation Rate, €100 in 1998 to 2011

According to the European Central Bank consumer price index, prices in 2011 are 30.47% higher than prices in 1998. The euro experienced an average inflation rate of 2.07% per year during this period.

In other words, €100 in 1998 is equivalent in purchasing power to €130.47 in 2011, a difference of €30.47 over 13 years.

The 1998 inflation rate was 1.23%. The inflation rate in 2011 was 2.72%. The 2011 inflation rate is higher compared to the average inflation rate of 1.08% per year between 2011 and 2018.


Inflation from 1998 to 2011
Cumulative price change 30.47%
Average inflation rate 2.07%
Converted amount (€100 base) €130.47
Price difference (€100 base) €30.47
CPI in 1998 73.445
CPI in 2011 95.82083333
Inflation in 1998 1.23%
Inflation in 2011 2.72%


Euro inflation chart from 1996 to 2017


Buying power of €100 since 1998

This chart shows calculations of buying power equivalence over time for €100 in 1998 (price index tracking began in 1996).

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

Year EUR Value Inflation Rate
1998 €100.00 1.23%
1999 €101.17 1.17%
2000 €103.38 2.18%
2001 €105.88 2.41%
2002 €108.28 2.27%
2003 €110.57 2.12%
2004 €112.98 2.18%
2005 €115.46 2.20%
2006 €118.01 2.21%
2007 €120.56 2.17%
2008 €124.59 3.34%
2009 €124.99 0.32%
2010 €127.01 1.61%
2011 €130.47 2.72%
2012 €133.73 2.50%
2013 €135.53 1.35%
2014 €136.11 0.43%
2015 €136.16 0.03%
2016 €136.49 0.24%
2017 €138.58 1.54%
2018 €140.66 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for €100, 1998 to 2011

This inflation calculator uses the following inflation rate formula:

CPI in 2011CPI in 1998
×
1998 EUR value
=
2011 EUR value

Then plug in historical CPI values. The Euro CPI was 73.445 in the year 1998 and 95.82083333 in 2011:

95.8208333373.445
×
€100
=
€130.47

€100 in 1998 has the same "purchasing power" or "buying power" as €130.47 in 2011.

To get the total inflation rate for the 13 years between 1998 and 2011, we use the following formula:

CPI in 2011 - CPI in 1998CPI in 1998
×
100
=
Cumulative inflation rate (13 years)

Plugging in the values to this equation, we get:

95.82083333 - 73.44573.445
×
100
=
30%

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.

Data Source & Citation

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 2011 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Oct. 2018, https://www.officialdata.org/1998-euro-in-2011.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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