According to the European Central Bank consumer price index, prices in 2018 are 1.67% higher than average prices throughout 2017. The euro experienced an average inflation rate of 1.67% per year during this period, meaning the real value of a dollar decreased.
In other words, €100 in 2017 is equivalent in purchasing power to about €101.67 in 2018.
The 2017 inflation rate was 1.54%. The inflation rate in 2018 was 1.67%. The 2018 inflation rate is higher compared to the average inflation rate of 0.78% per year between 2018 and 2019.
|Average inflation rate||1.67%|
|Converted amount (€100 base)||€101.67|
|Price difference (€100 base)||€1.67|
|CPI in 2017||101.782|
|CPI in 2018||103.481|
|Inflation in 2017||1.54%|
|Inflation in 2018||1.67%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Euro CPI was 101.7816667 in the year 2017 and 103.4809091 in 2018:
€100 in 2017 has the same "purchasing power" or "buying power" as €101.67 in 2018.
To get the total inflation rate for the 1 years between 2017 and 2018, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
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: “2017 euros in 2018 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 Apr. 2019, https://www.officialdata.org/2017-euro-in-2018.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.