Euro inflation rate in 2002: 2.27%

Euro Inflation Calculator

Euro Inflation Rate, 2002-2018 (€1)

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 consumer price index, the euro experienced an average inflation rate of 1.59% per year. Prices in 2018 are 28.7% higher than prices in 2002.

In other words, €1 in the year 2002 is equivalent in purchasing power to €1.29 in 2018, a difference of €0.29 over 16 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 2002 to 2018
Cumulative price change 28.65%
Average inflation rate 1.59%
Price difference (€1 base) €0.29
CPI in 2002 79.52583333
CPI in 2018 102.31

Euro inflation chart from 1996 to 2017

How to calculate the inflation rate for €1 since 2002

Start with the inflation rate formula:

CPI in 2018 / CPI in 2002 * 2002 EUR value = 2018 EUR value

Then plug in historical CPI values. The Euro CPI was 79.52583333 in the year 2002 and 102.31 in 2018:

102.31 / 79.52583333 * €1 = €1.29

€1 in 2002 has the same "purchasing power" as €1.29 in 2018.

News headlines from 2002

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

  • United States deploys conventional forces as part of Operation Anaconda during the US invasion of Afghanistan.
  • Jimmy Carter visits Cuba, marking the first time an American president has visited the Island since 1959.
  • It is announced that Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia will become members of the European Union from May 1, 2004.

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 2002 | Euro Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Mar. 2018,

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