€100 in 2007 is equivalent in purchasing power to about €103.34 in 2008. The euro had an average inflation rate of 3.34% per year between 2007 and 2008, producing a cumulative price increase of 3.34%.
This means that prices in 2008 are 1.03 times as high as average prices since 2007, according to the European Central Bank consumer price index.
The inflation rate in 2007 was 2.17%. The inflation rate in 2008 was 3.34%. The 2008 inflation rate is higher compared to the average inflation rate of 2.11% per year between 2008 and 2024.
Average inflation rate | 3.34% |
Converted amount €100 base | €103.34 |
Price difference €100 base | €3.34 |
CPI in 2007 | 88.548 |
CPI in 2008 | 91.508 |
Inflation in 2007 | 2.17% |
Inflation in 2008 | 3.34% |
€100 in 2007 | €103.34 in 2008 |
Our calculations use the following inflation rate formula to calculate the change in value between 2007 and 2008:
Then plug in historical CPI values. The Euro CPI was 88.54833333 in the year 2007 and 91.50833333 in 2008:
€100 in 2007 has the same "purchasing power" or "buying power" as €103.34 in 2008.
To get the total inflation rate for the 1 years between 2007 and 2008, we use the following formula:
Plugging in the values to this equation, we get:
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: “2007 euros in 2008 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 Apr. 2024, https://www.officialdata.org/2007-euro-in-2008.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
Average inflation rate | 3.34% |
Converted amount €100 base | €103.34 |
Price difference €100 base | €3.34 |
CPI in 2007 | 88.548 |
CPI in 2008 | 91.508 |
Inflation in 2007 | 2.17% |
Inflation in 2008 | 3.34% |
€100 in 2007 | €103.34 in 2008 |