# €100 in 2004 → €120.47 in 2014

### Euro Inflation Rate, €100 in 2004 to 2014

According to the European Central Bank consumer price index, prices in 2014 are 20.47% higher than average prices throughout 2004. The euro experienced an average inflation rate of 1.88% per year during this period, meaning the real value of a dollar decreased.

In other words, €100 in 2004 is equivalent in purchasing power to about €120.47 in 2014, a difference of €20.47 over 10 years.

The 2004 inflation rate was 2.18%. The inflation rate in 2014 was 0.43%. The 2014 inflation rate is lower compared to the average inflation rate of 0.85% per year between 2014 and 2019.

 Cumulative price change 20.47% Average inflation rate 1.88% Converted amount (€100 base) €120.47 Price difference (€100 base) €20.47 CPI in 2004 82.978 CPI in 2014 99.968 Inflation in 2004 2.18% Inflation in 2014 0.43%

### Buying power of €100 in 2004

This chart shows calculation of buying power equivalence, often referred to as "the value of a euro" over time for €100 in 2004 (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 Euro Value Inflation Rate
2004 €100.00 2.18%
2005 €102.20 2.20%
2006 €104.45 2.21%
2007 €106.71 2.17%
2008 €110.28 3.34%
2009 €110.63 0.32%
2010 €112.41 1.61%
2011 €115.48 2.72%
2012 €118.36 2.50%
2013 €119.96 1.35%
2014 €120.47 0.43%
2015 €120.51 0.03%
2016 €120.80 0.24%
2017 €122.66 1.54%
2018 €124.71 1.67%
2019 €125.68 0.78%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

### How to Calculate Inflation Rate for €100, 2004 to 2014

This inflation calculator uses the following inflation rate formula:

CPI in 2014CPI in 2004
×
2004 EUR value
=
2014 EUR value

Then plug in historical CPI values. The Euro CPI was 82.97833333 in the year 2004 and 99.9675 in 2014:

99.967582.97833333
×
€100
=
€120.47

€100 in 2004 has the same "purchasing power" or "buying power" as €120.47 in 2014.

To get the total inflation rate for the 10 years between 2004 and 2014, we use the following formula:

CPI in 2014 - CPI in 2004CPI in 2004
×
100
=
Cumulative inflation rate (10 years)

Plugging in the values to this equation, we get:

99.9675 - 82.9783333382.97833333
×
100
=
20%

### News headlines from 2004

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

• The Humanitarian Ceasefire Agreement is signed by the Sudanese government and two rebel groups.
• Massachusetts becomes the first United States state to legalize same-sex marriage.
• The Indonesian elections are won by Susilo Bambang Yudhoyono.

### 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: “2004 euros in 2014 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 Aug. 2019, https://www.officialdata.org/2004-euro-in-2014.

Special thanks to QuickChart for providing downloadable chart images.

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

 Cumulative price change 20.47% Average inflation rate 1.88% Converted amount (€100 base) €120.47 Price difference (€100 base) €20.47 CPI in 2004 82.978 CPI in 2014 99.968 Inflation in 2004 2.18% Inflation in 2014 0.43%