Euro inflation rate in 1997: 1.70%

Euro Inflation Calculator

Inflation in 1997 and Its Effect on Euro Value

Purchasing power decreased by 1.70% in 1997 compared to the previous year, 1996. On average, you would have to spend 1.70% more money in 1997 than in 1996 for the same item.

In other words, €100 in 1996 is equivalent in purchasing power to €101.70 in 1997.

The 1996 inflation rate was NaN%. The inflation rate in 1997 was 1.70%. The 1997 inflation rate is higher compared to the average inflation rate of 1.70% per year between 1997 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1997 was 72.555. It was 71.33916667 in the previous year, 1996. The difference in CPI between the years is used by the European Central Bank to officially determine inflation.


Inflation from 1996 to 1997
Average inflation rate 1.70%
Converted amount (€100 base) €101.70
Price difference (€100 base) €1.70
CPI in 1996 71.33916667
CPI in 1997 72.555
Inflation in 1996 NaN%
Inflation in 1997 1.70%


Euro inflation chart from 1996 to 2017


How to Calculate Inflation Rate for €100, 1996 to 1997

This inflation calculator uses the following inflation rate formula:

CPI in 1997CPI in 1996
×
1996 EUR value
=
1997 EUR value

Then plug in historical CPI values. The Euro CPI was 71.33916667 in the year 1996 and 72.555 in 1997:

72.55571.33916667
×
€100
=
€101.70

€100 in 1996 has the same "purchasing power" or "buying power" as €101.70 in 1997.

To get the total inflation rate for the 1 years between 1996 and 1997, we use the following formula:

CPI in 1997 - CPI in 1996CPI in 1996
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

72.555 - 71.3391666771.33916667
×
100
=
2%

News headlines from 1996

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

  • The Motorola StarTAC, the first clamshell flip phone, goes on sale worldwide.
  • Osama bin Laden issues "A declaration of war against the Americans occupying the land of the two holy places".
  • Bill Clinton signs the Welfare Reform Bill into law.

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: “Inflation Rate in 1997 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Oct. 2018, https://www.officialdata.org/Euro-inflation-rate-in-1997.

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


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