Euro inflation rate in 2004: 2.18%

Euro Inflation Calculator

Euro Inflation Rate, 2004-2017 (€1)

The consumer price index (CPI) in 2004 was 82.97833333. 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 1.60% per year. Prices in 2017 are 23.0% higher than prices in 2004.

In other words, €1 in the year 2004 is equivalent to €1.23 in 2017, a difference of €0.23 over 13 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.

Inflation from 2004 to 2017
Cumulative price change 22.97%
Average inflation rate 1.60%
Price difference (€1 base) €0.23
CPI in 2004 82.97833333
CPI in 2017 102.04


Euro inflation chart from 1996 to 2017


How to calculate the inflation rate for €1 since 2004

Start with the inflation rate formula:

CPI in 2017 / CPI in 2004 * 2004 EUR value = 2017 EUR value

Then plug in historical CPI values. The Euro CPI was 82.97833333 in the year 2004 and 102.04 in 2017:

102.04 / 82.97833333 * €1 = €1.23

The "purchasing power" of €1 from 2004 is €1.23 in 2017.


News headlines from 2004

Politics and news often play an important role in economic performance.

  • The Humanitarian Ceasefire Agreement is signed by the Sudanese government and two rebel groups.
  • Massachusetts becomes the first United States state to legalize same-sex marriage.
  • The Indonesian elections are won by Susilo Bambang Yudhoyono.

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.


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