€100 in 2002 → €126.05 in 2016

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Euro Inflation Rate, €100 in 2002 to 2016

According to the European Central Bank consumer price index, prices in 2016 are 26.05% higher than prices in 2002. The euro experienced an average inflation rate of 1.67% per year during this period.

In other words, €100 in 2002 is equivalent in purchasing power to €126.05 in 2016, a difference of €26.05 over 14 years.

The 2002 inflation rate was 2.27%. The inflation rate in 2016 was 0.24%. The 2016 inflation rate is lower compared to the average inflation rate of 1.52% per year between 2016 and 2018.


Inflation from 2002 to 2016
Cumulative price change 26.05%
Average inflation rate 1.67%
Converted amount (€100 base) €126.05
Price difference (€100 base) €26.05
CPI in 2002 79.526
CPI in 2016 100.242
Inflation in 2002 2.27%
Inflation in 2016 0.24%


Euro inflation chart from 1996 to 2017


Buying power of €100 since 2002

This chart shows calculations of buying power equivalence 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:

Year EUR Value Inflation Rate
2002 €100.00 2.27%
2003 €102.12 2.12%
2004 €104.34 2.18%
2005 €106.63 2.20%
2006 €108.99 2.21%
2007 €111.35 2.17%
2008 €115.07 3.34%
2009 €115.43 0.32%
2010 €117.30 1.61%
2011 €120.49 2.72%
2012 €123.50 2.50%
2013 €125.16 1.35%
2014 €125.70 0.43%
2015 €125.75 0.03%
2016 €126.05 0.24%
2017 €127.99 1.54%
2018 €129.91 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for €100, 2002 to 2016

This inflation calculator uses the following inflation rate formula:

CPI in 2016CPI in 2002
×
2002 EUR value
=
2016 EUR value

Then plug in historical CPI values. The Euro CPI was 79.52583333 in the year 2002 and 100.2416667 in 2016:

100.241666779.52583333
×
€100
=
€126.05

€100 in 2002 has the same "purchasing power" or "buying power" as €126.05 in 2016.

To get the total inflation rate for the 14 years between 2002 and 2016, we use the following formula:

CPI in 2016 - CPI in 2002CPI in 2002
×
100
=
Cumulative inflation rate (14 years)

Plugging in the values to this equation, we get:

100.2416667 - 79.5258333379.52583333
×
100
=
26%

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 2016 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 Dec. 2018, https://www.officialdata.org/2002-euro-in-2016.

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


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