€100 in 2002 → €102.12 in 2003

Euro Inflation Calculator

Euro Inflation Rate, €100 in 2002 to 2003

According to the European Central Bank consumer price index, prices in 2003 are 2.12% higher than prices in 2002. The euro experienced an average inflation rate of 2.12% per year during this period.

In other words, €100 in 2002 is equivalent in purchasing power to €102.12 in 2003.

The 2002 inflation rate was 2.27%. The inflation rate in 2003 was 2.12%. The 2003 inflation rate is higher compared to the average inflation rate of 1.62% per year between 2003 and 2018.


Inflation from 2002 to 2003
Average inflation rate 2.12%
Converted amount (€100 base) €102.12
Price difference (€100 base) €2.12
CPI in 2002 79.526
CPI in 2003 81.210
Inflation in 2002 2.27%
Inflation in 2003 2.12%


Euro inflation chart from 1996 to 2017


How to Calculate Inflation Rate for €100, 2002 to 2003

This inflation calculator uses the following inflation rate formula:

CPI in 2003CPI in 2002
×
2002 EUR value
=
2003 EUR value

Then plug in historical CPI values. The Euro CPI was 79.52583333 in the year 2002 and 81.21 in 2003:

81.2179.52583333
×
€100
=
€102.12

€100 in 2002 has the same "purchasing power" or "buying power" as €102.12 in 2003.

To get the total inflation rate for the 1 years between 2002 and 2003, we use the following formula:

CPI in 2003 - CPI in 2002CPI in 2002
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

81.21 - 79.5258333379.52583333
×
100
=
2%

News headlines from 2002

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

  • United States deploys conventional forces as part of Operation Anaconda during the US invasion of Afghanistan.
  • Jimmy Carter visits Cuba, marking the first time an American president has visited the Island since 1959.
  • It is announced that Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia will become members of the European Union from May 1, 2004.

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: “2002 euros in 2003 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Dec. 2018, https://www.officialdata.org/2002-euro-in-2003.

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


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