€100 in 2003 → €112.68 in 2008

Euro Inflation Calculator

Euro Inflation Rate, 2003-2008 (€100)

According to the European Central Bank consumer price index, the euro experienced an average inflation rate of 2.42% per year. Prices in 2008 are 12.7% higher than prices in 2003.

In other words, €100 in the year 2003 is equivalent in purchasing power to €112.68 in 2008, a difference of €12.68 over 5 years.

The inflation rate in 2008 was 3.34%.

Inflation from 2003 to 2008
Cumulative price change 12.68%
Average inflation rate 2.42%
Price difference (€100 base) €12.68
CPI in 2003 81.21
CPI in 2008 91.50833333


Euro inflation chart from 1996 to 2017


How to calculate the inflation rate for €100, 2003 to 2008

Start with the inflation rate formula:

CPI in 2008 / CPI in 2003 * 2003 EUR value = 2008 EUR value

Then plug in historical CPI values. The Euro CPI was 81.21 in the year 2003 and 91.50833333 in 2008:

91.50833333 / 81.21 * €100 = €112.68

€100 in 2003 has the same "purchasing power" as €112.68 in 2008.


News headlines from 2003

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

  • Despite a lack of support from the United Nations, a coalition lead by America and Britain invades Iraq.
  • Baghdad falls, ending the invasion of Iraq.
  • 10 new members are admitted to the European Union after signing the Treaty of Accession in Athens.

Inflation Data Source

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: “2003 euros in 2008 | Euro Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Apr. 2018, http://www.in2013dollars.com/2003-euro-in-2008.


» Read more about inflation.