Euro inflation rate in 2003: 2.12%

Euro Inflation Calculator

Euro Inflation Rate, 2003-2018 (€1)

The consumer price index (CPI) in 2003 was 81.21. 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 1.55% per year. Prices in 2018 are 26.0% higher than prices in 2003.

In other words, €1 in the year 2003 is equivalent in purchasing power to €1.26 in 2018, a difference of €0.26 over 15 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 2003 to 2018
Cumulative price change 25.98%
Average inflation rate 1.55%
Price difference (€1 base) €0.26
CPI in 2003 81.21
CPI in 2018 102.31

Euro inflation chart from 1996 to 2017

How to calculate the inflation rate for €1 since 2003

Start with the inflation rate formula:

CPI in 2018 / CPI in 2003 * 2003 EUR value = 2018 EUR value

Then plug in historical CPI values. The Euro CPI was 81.21 in the year 2003 and 102.31 in 2018:

102.31 / 81.21 * €1 = €1.26

€1 in 2003 has the same "purchasing power" as €1.26 in 2018.

News headlines from 2003

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

  • Despite a lack of support from the United Nations, a coalition lead by America and Britain invades Iraq.
  • Baghdad falls, ending the invasion of Iraq.
  • 10 new members are admitted to the European Union after signing the Treaty of Accession in Athens.

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 2003 | Euro Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018,

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