Euro inflation rate in 1999: 1.17%

Euro Inflation Calculator

Euro Inflation Rate, 1999-2018 (€1)

The consumer price index (CPI) in 1999 was 74.30416667. 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 1.70% per year. Prices in 2018 are 37.7% higher than prices in 1999.

In other words, €1 in the year 1999 is equivalent in purchasing power to €1.38 in 2018, a difference of €0.38 over 19 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.

Inflation from 1999 to 2018
Cumulative price change 37.69%
Average inflation rate 1.70%
Price difference (€1 base) €0.38
CPI in 1999 74.30416667
CPI in 2018 102.31

Euro inflation chart from 1996 to 2017

How to calculate the inflation rate for €1 since 1999

Start with the inflation rate formula:

CPI in 2018 / CPI in 1999 * 1999 EUR value = 2018 EUR value

Then plug in historical CPI values. The Euro CPI was 74.30416667 in the year 1999 and 102.31 in 2018:

102.31 / 74.30416667 * €1 = €1.38

€1 in 1999 has the same "purchasing power" as €1.38 in 2018.

News headlines from 1999

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

  • NATO begins its bombardment of Yugoslavia in the Kosovo War marking the first time NATO attacked a sovereign country.
  • 13 killed, 24 injured in the Columbine High School Massacre.
  • Slobodan Milosevic and four others are indicted by the International Criminal Tribunal for former Yugoslavia, for war crimes and crimes against humanity committed in Kosovo.

Inflation Data Source

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 1999 | Euro Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Apr. 2018,

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