Euro inflation rate in 2004: 2.18%

Euro Inflation Calculator

Euro Inflation Rate, 2004-2018 (€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 consumer price index, the euro experienced an average inflation rate of 1.51% per year. Prices in 2018 are 23.3% higher than prices in 2004.

In other words, €1 in the year 2004 is equivalent in purchasing power to €1.23 in 2018, a difference of €0.23 over 14 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 2004 to 2018
Cumulative price change 23.30%
Average inflation rate 1.51%
Price difference (€1 base) €0.23
CPI in 2004 82.97833333
CPI in 2018 102.31

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 2018 / CPI in 2004 * 2004 EUR value = 2018 EUR value

Then plug in historical CPI values. The Euro CPI was 82.97833333 in the year 2004 and 102.31 in 2018:

102.31 / 82.97833333 * €1 = €1.23

€1 in 2004 has the same "purchasing power" as €1.23 in 2018.

News headlines from 2004

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

  • 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

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 2004 | Euro Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 26 Apr. 2018,

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