According to the European Central Bank, the euro experienced an average inflation rate of 1.75% per year. Prices in 2017 are 38.9% higher than prices in 1998.
In other words, €100 in the year 1998 is equivalent to €138.93 in 2017, a difference of €38.93 over 19 years.
The current inflation rate in 2017 is 1.89%1. If this number holds, €100 today will be equivalent to €101.89 next year.
|Cumulative price change||38.93%|
|Average inflation rate||1.75%|
|Price difference (€100 base)||€38.93|
|CPI in 1998||73.445|
|CPI in 2017||102.04|
Politics and news often play an important role in economic performance.
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.