Euro Inflation Calculator
Euro Inflation Rate, 2004-2017 (€100)
According to the European Central Bank consumer price index, the euro experienced an average inflation rate of 1.60% per year. Prices in 2017 are 23.0% higher than prices in 2004.
In other words, €100 in the year 2004 is equivalent in purchasing power to €122.97 in 2017, a difference of €22.97 over 13 years.
The inflation rate in 2017 was 1.89%.
| Cumulative price change | 22.97% |
| Average inflation rate | 1.60% |
| Price difference (€100 base) | €22.97 |
| CPI in 2004 | 82.97833333 |
| CPI in 2017 | 102.04 |
How to calculate the inflation rate for €100, 2004 to 2017
Start with the inflation rate formula:CPI in 2017 / CPI in 2004 * 2004 EUR value = 2017 EUR value
Then plug in historical CPI values. The Euro CPI was 82.97833333 in the year 2004 and 102.04 in 2017:
102.04 / 82.97833333 * €100 = €122.97
€100 in 2004 has the same "purchasing power" as €122.97 in 2017.
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.
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: “2004 euros in 2017 | Euro Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018, http://www.in2013dollars.com/2004-euro-in-2017.