€100 in 2004 → €124.50 in 2018

Euro Inflation Calculator

Euro Inflation Rate, €100 in 2004 to 2018

According to the European Central Bank consumer price index, prices in 2018 are 24.50% higher than prices in 2004. The euro experienced an average inflation rate of 1.58% per year during this period.

In other words, €100 in 2004 is equivalent in purchasing power to €124.50 in 2018, a difference of €24.50 over 14 years.

The 2004 inflation rate was 2.18%. The current inflation rate (2017 to 2018) is now 1.50%1. If this number holds, €100 today will be equivalent to €101.50 next year.


Inflation from 2004 to 2018
Cumulative price change 24.50%
Average inflation rate 1.58%
Converted amount (€100 base) €124.50
Price difference (€100 base) €24.50
CPI in 2004 82.97833333
CPI in 2018 103.31
Inflation in 2004 2.18%
Inflation in 2018 1.50%


Euro inflation chart from 1996 to 2017


Buying power of €100 since 2004

This chart shows calculations of buying power equivalence 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 EUR 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 €124.50 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 since 2004

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 2004
×
2004 EUR value
=
2018 EUR value

Then plug in historical CPI values. The Euro CPI was 82.97833333 in the year 2004 and 103.31 in 2018:

103.3182.97833333
×
€100
=
€124.50

€100 in 2004 has the same "purchasing power" or "buying power" as €124.50 in 2018.

To get the total inflation rate for the 14 years between 2004 and 2018, we use the following formula:

CPI in 2018 - CPI in 2004CPI in 2004
×
100
=
Cumulative inflation rate (14 years)

Plugging in the values to this equation, we get:

103.31 - 82.9783333382.97833333
×
100
=
25%

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 2018 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Oct. 2018, https://www.officialdata.org/2004-euro-in-2018.

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


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