Euro inflation rate in 1997: 1.70%

Euro Inflation Calculator

Euro Inflation Rate, 1997-2017 (€1)

The consumer price index (CPI) in 1997 was 72.555. the European Central Bank uses this CPI value to track inflation on a monthly basis.

According to the European Central Bank, the euro experienced an average inflation rate of 1.72% per year. Prices in 2017 are 40.6% higher than prices in 1997.

In other words, €1 in the year 1997 is equivalent to €1.41 in 2017, a difference of €0.41 over 20 years.

The current inflation rate in 2017 is 1.89%1. If this number holds, €1 today will be equivalent to €1.02 next year.

Inflation from 1997 to 2017
Cumulative price change 40.64%
Average inflation rate 1.72%
Price difference (€1 base) €0.41
CPI in 1997 72.555
CPI in 2017 102.04

Euro inflation chart from 1996 to 2017

How to calculate the inflation rate for €1 since 1997

Start with the inflation rate formula:

CPI in 2017 / CPI in 1997 * 1997 EUR value = 2017 EUR value

Then plug in historical CPI values. The Euro CPI was 72.555 in the year 1997 and 102.04 in 2017:

102.04 / 72.555 * €1 = €1.41

€1 in 1997 has the same "purchasing power" as €1.41 in 2017.

News headlines from 1997

Politics and news often play an important role in economic performance.

  • Production, stockpiling and use of chemical weapons is outlawed as the Chemical Weapons Convention of 1993 comes into force.
  • The British lease of the New Territories in Hong Kong expires.
  • Diana, Princess of Wales, dies in a car crash in Paris,.
  • Hong Kong begins slaughtering chickens to prevent bird flu,.

Inflation Data Source: 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.

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