Euro Inflation Calculator
Euro Inflation Rate, €100 in 2002 to 2010
According to the European Central Bank consumer price index, prices in 2010 are 17.30% higher than average prices throughout 2002. The euro experienced an average inflation rate of 2.01% per year during this period, meaning the real value of a dollar decreased.
In other words, €100 in 2002 is equivalent in purchasing power to about €117.30 in 2010, a difference of €17.30 over 8 years.
The 2002 inflation rate was 2.27%. The inflation rate in 2010 was 1.61%. The 2010 inflation rate is higher compared to the average inflation rate of 1.25% per year between 2010 and 2019.
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| Cumulative price change | 17.30% |
| Average inflation rate | 2.01% |
| Converted amount (€100 base) | €117.30 |
| Price difference (€100 base) | €17.30 |
| CPI in 2002 | 79.526 |
| CPI in 2010 | 93.280 |
| Inflation in 2002 | 2.27% |
| Inflation in 2010 | 1.61% |
Buying power of €100 in 2002
This chart shows calculation of buying power equivalence, often referred to as "the value of a euro" over time for €100 in 2002 (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:
How to Calculate Inflation Rate for €100, 2002 to 2010
This inflation calculator uses the following inflation rate formula:
CPI in 2010CPI in 2002
×
2002 EUR value
=
2010 EUR value
Then plug in historical CPI values. The Euro CPI was 79.52583333 in the year 2002 and 93.28 in 2010:
93.2879.52583333
×
€100
=
€117.30
€100 in 2002 has the same "purchasing power" or "buying power" as €117.30 in 2010.
To get the total inflation rate for the 8 years between 2002 and 2010, we use the following formula:
CPI in 2010 - CPI in 2002CPI in 2002
×
100
=
Cumulative inflation rate (8 years)
Plugging in the values to this equation, we get:
93.28 - 79.5258333379.52583333
×
100
=
17%
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 2010 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Oct. 2019, https://www.officialdata.org/2002-euro-in-2010.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 17.30% |
| Average inflation rate | 2.01% |
| Converted amount (€100 base) | €117.30 |
| Price difference (€100 base) | €17.30 |
| CPI in 2002 | 79.526 |
| CPI in 2010 | 93.280 |
| Inflation in 2002 | 2.27% |
| Inflation in 2010 | 1.61% |