€1 in 2015 → €1.02 in 2017

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Euro Inflation Rate, €1 in 2015 to 2017

According to the European Central Bank consumer price index, prices in 2017 are 1.78% higher than average prices throughout 2015. The euro experienced an average inflation rate of 0.89% per year during this period, meaning the real value of a dollar decreased.

In other words, €1 in 2015 is equivalent in purchasing power to about €1.02 in 2017, a difference of €0.02 over 2 years.

The 2015 inflation rate was 0.03%. The inflation rate in 2017 was 1.54%. The 2017 inflation rate is higher compared to the average inflation rate of 1.22% per year between 2017 and 2019.

 Cumulative price change 1.78% Average inflation rate 0.89% Converted amount (€1 base) €1.02 Price difference (€1 base) €0.02 CPI in 2015 100.000 CPI in 2017 101.782 Inflation in 2015 0.03% Inflation in 2017 1.54%

Buying power of €1 in 2015

This chart shows calculation of buying power equivalence, often referred to as "the value of a euro" over time for €1 in 2015 (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
2015 €1.00 0.03%
2016 €1.00 0.24%
2017 €1.02 1.54%
2018 €1.03 1.67%
2019 €1.04 0.78%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for €1, 2015 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017CPI in 2015
×
2015 EUR value
=
2017 EUR value

Then plug in historical CPI values. The Euro CPI was 100 in the year 2015 and 101.7816667 in 2017:

101.7816667100
×
€1
=
€1.02

€1 in 2015 has the same "purchasing power" or "buying power" as €1.02 in 2017.

To get the total inflation rate for the 2 years between 2015 and 2017, we use the following formula:

CPI in 2017 - CPI in 2015CPI in 2015
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

101.7816667 - 100100
×
100
=
2%

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

• Barack Obama and Raul Castro, hold the first meeting between Cuban and American leaders since the Cuban Revolution.
• The population of India reaches 1 billion (officially). The billionth baby was named Astha Arora.
• Donald Trump announces his intention to join the US presidential campaign.
• China brings an end to its one child policy, 35 years after it was first introduced.

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: “€1 in 2015 → 2017 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Sep. 2019, https://www.officialdata.org/2015-euro-in-2017?amount=1.