The consumer price index (CPI) in 2002 was 79.52583333. 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 1.68% per year. Prices in 2017 are 28.3% higher than prices in 2002.
In other words, €1 in the year 2002 is equivalent to €1.28 in 2017, a difference of €0.28 over 15 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.
|Cumulative price change||28.31%|
|Average inflation rate||1.68%|
|Price difference (€1 base)||€0.28|
|CPI in 2002||79.52583333|
|CPI in 2017||102.04|
Politics and news often play an important role in economic performance.
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.