€3,500 in 2001 is worth €4,589.40 in 2017

Value of €3,500 from 2001 to 2017

€3,500 in 2001 is equivalent in purchasing power to about €4,589.40 in 2017, an increase of €1,089.40 over 16 years. The euro had an average inflation rate of 1.71% per year between 2001 and 2017, producing a cumulative price increase of 31.13%.

This means that prices in 2017 are 1.31 times as high as average prices since 2001, according to the European Central Bank consumer price index.

The inflation rate in 2001 was 2.41%. The inflation rate in 2017 was 1.71%. The 2017 inflation rate is lower compared to the average inflation rate of 3.28% per year between 2017 and 2024.


Inflation from 2001 to 2017
Cumulative price change31.13%
Average inflation rate1.71%
Converted amount
€3,500 base
€4,589.40
Price difference
€3,500 base
€1,089.40
CPI in 200177.760
CPI in 2017101.963
Inflation in 20012.41%
Inflation in 20171.71%
€3,500 in 2001€4,589.40 in 2017

EUR inflation since 2001
Annual Rate, the European Central Bank CPI
Download

Buying power of €3,500 in 2001

This chart shows a calculation of buying power equivalence for €3,500 in 2001 (price index tracking began in 1996).

For example, if you started with €3,500, you would need to end with €4,589.40 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €3,500 is equivalent to €4,589.40 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 2001 dollars, the chart below shows how €3,500 is worth less over 16 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: 2001-2017
YearEuro ValueInflation Rate
2001€3,500.002.41%
2002€3,579.482.27%
2003€3,655.292.12%
2004€3,734.882.18%
2005€3,816.952.20%
2006€3,901.122.21%
2007€3,985.592.17%
2008€4,118.823.34%
2009€4,131.870.32%
2010€4,198.561.61%
2011€4,312.922.72%
2012€4,420.692.50%
2013€4,480.251.35%
2014€4,499.570.43%
2015€4,501.030.03%
2016€4,512.060.25%
2017€4,589.401.71%
2018€4,676.191.89%
2019€4,744.911.47%
2020€4,780.130.74%
2021€4,918.722.90%
2022€5,370.749.19%
2023€5,707.846.28%
2024€5,750.960.76%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 10 more rows

This conversion table shows various other 2001 amounts in 2017 euros, based on the 31.13% change in prices:

Conversion: 2001 euros in 2017
Initial valueEquivalent value
€1 euro in 2001€1.31 euros in 2017
€5 euros in 2001€6.56 euros in 2017
€10 euros in 2001€13.11 euros in 2017
€50 euros in 2001€65.56 euros in 2017
€100 euros in 2001€131.13 euros in 2017
€500 euros in 2001€655.63 euros in 2017
€1,000 euros in 2001€1,311.26 euros in 2017
€5,000 euros in 2001€6,556.28 euros in 2017
€10,000 euros in 2001€13,112.57 euros in 2017
€50,000 euros in 2001€65,562.84 euros in 2017
€100,000 euros in 2001€131,125.69 euros in 2017
€500,000 euros in 2001€655,628.43 euros in 2017
€1,000,000 euros in 2001€1,311,256.86 euros in 2017

How to calculate inflation rate for €3,500, 2001 to 2017

Our calculations use the following inflation rate formula to calculate the change in value between 2001 and 2017:

CPI in 2017 CPI in 2001
×
2001 EUR value
=
2017 EUR value

Then plug in historical CPI values. The Euro CPI was 77.76 in the year 2001 and 101.9633333 in 2017:

101.963333377.76
×
€3,500
=
€4,589.40

€3,500 in 2001 has the same "purchasing power" or "buying power" as €4,589.40 in 2017.

To get the total inflation rate for the 16 years between 2001 and 2017, we use the following formula:

CPI in 2017 - CPI in 2001CPI in 2001
×
100
=
Cumulative inflation rate (16 years)

Plugging in the values to this equation, we get:

101.9633333 - 77.7677.76
×
100
=
31%

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: “€3,500 in 2001 → 2017 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 Mar. 2024, https://www.officialdata.org/2001-euro-in-2017?amount=3500.

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 2001 to 2017
Cumulative price change31.13%
Average inflation rate1.71%
Converted amount
€3,500 base
€4,589.40
Price difference
€3,500 base
€1,089.40
CPI in 200177.760
CPI in 2017101.963
Inflation in 20012.41%
Inflation in 20171.71%
€3,500 in 2001€4,589.40 in 2017