The consumer price index (CPI) in 1998 was 73.445. the European Central Bank uses this CPI value to track inflation on a monthly basis.
According to the European Central Bank consumer price index, the euro experienced an average inflation rate of 1.67% per year. Prices in 2018 are 39.3% higher than prices in 1998.
In other words, €1 in the year 1998 is equivalent in purchasing power to €1.39 in 2018, a difference of €0.39 over 20 years.
The current inflation rate in 2018 is 0.26%1. If this number holds, €1 today will be equivalent to €1.00 next year.
|Cumulative price change||39.30%|
|Average inflation rate||1.67%|
|Price difference (€1 base)||€0.39|
|CPI in 1998||73.445|
|CPI in 2018||102.31|
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: “Inflation Rate in 1998 | Euro Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Feb. 2018, http://www.in2013dollars.com/Euro-inflation-rate-in-1998.