€100 in 1998 is worth €136.49 in 2016

Value of €100 from 1998 to 2016

€100 in 1998 is equivalent in purchasing power to about €136.49 in 2016, an increase of €36.49 over 18 years. The euro had an average inflation rate of 1.74% per year between 1998 and 2016, producing a cumulative price increase of 36.49%.

This means that prices in 2016 are 1.36 times as high as average prices since 1998, according to the European Central Bank consumer price index.

The inflation rate in 1998 was 1.23%. The inflation rate in 2016 was 0.25%. The 2016 inflation rate is lower compared to the average inflation rate of 3.08% per year between 2016 and 2024.


Inflation from 1998 to 2016
Cumulative price change36.49%
Average inflation rate1.74%
Converted amount
€100 base
€136.49
Price difference
€100 base
€36.49
CPI in 199873.445
CPI in 2016100.245
Inflation in 19981.23%
Inflation in 20160.25%
€100 in 1998€136.49 in 2016

EUR inflation since 1998
Annual Rate, the European Central Bank CPI
Download

Buying power of €100 in 1998

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

For example, if you started with €100, you would need to end with €136.49 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €136.49 over time, that means that the "real value" of a single Euro euro decreases over time. In other words, a euro will pay for fewer items at the store.

This effect explains how inflation erodes the value of a euro over time. By calculating the value in 1998 dollars, the chart below shows how €100 is worth less over 18 years.

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

Euro inflation: 1998-2016
YearEuro ValueInflation Rate
1998€100.001.23%
1999€101.171.17%
2000€103.382.18%
2001€105.882.41%
2002€108.282.27%
2003€110.572.12%
2004€112.982.18%
2005€115.462.20%
2006€118.012.21%
2007€120.562.17%
2008€124.593.34%
2009€124.990.32%
2010€127.011.61%
2011€130.472.72%
2012€133.732.50%
2013€135.531.35%
2014€136.110.43%
2015€136.160.03%
2016€136.490.25%
2017€138.831.71%
2018€141.461.89%
2019€143.531.47%
2020€144.600.74%
2021€148.792.90%
2022€162.479.19%
2023€172.666.28%
2024€173.970.76%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 12 more rows

This conversion table shows various other 1998 amounts in 2016 euros, based on the 36.49% change in prices:

Conversion: 1998 euros in 2016
Initial valueEquivalent value
€1 euro in 1998€1.36 euros in 2016
€5 euros in 1998€6.82 euros in 2016
€10 euros in 1998€13.65 euros in 2016
€50 euros in 1998€68.24 euros in 2016
€100 euros in 1998€136.49 euros in 2016
€500 euros in 1998€682.45 euros in 2016
€1,000 euros in 1998€1,364.90 euros in 2016
€5,000 euros in 1998€6,824.49 euros in 2016
€10,000 euros in 1998€13,648.99 euros in 2016
€50,000 euros in 1998€68,244.95 euros in 2016
€100,000 euros in 1998€136,489.89 euros in 2016
€500,000 euros in 1998€682,449.45 euros in 2016
€1,000,000 euros in 1998€1,364,898.90 euros in 2016

How to calculate inflation rate for €100, 1998 to 2016

Our calculations use the following inflation rate formula to calculate the change in value between 1998 and 2016:

CPI in 2016 CPI in 1998
×
1998 EUR value
=
2016 EUR value

Then plug in historical CPI values. The Euro CPI was 73.445 in the year 1998 and 100.245 in 2016:

100.24573.445
×
€100
=
€136.49

€100 in 1998 has the same "purchasing power" or "buying power" as €136.49 in 2016.

To get the total inflation rate for the 18 years between 1998 and 2016, we use the following formula:

CPI in 2016 - CPI in 1998CPI in 1998
×
100
=
Cumulative inflation rate (18 years)

Plugging in the values to this equation, we get:

100.245 - 73.44573.445
×
100
=
36%

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 2016 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Mar. 2024, https://www.officialdata.org/1998-euro-in-2016.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1998 to 2016
Cumulative price change36.49%
Average inflation rate1.74%
Converted amount
€100 base
€136.49
Price difference
€100 base
€36.49
CPI in 199873.445
CPI in 2016100.245
Inflation in 19981.23%
Inflation in 20160.25%
€100 in 1998€136.49 in 2016