Euro inflation rate in 2005: 2.20%

Euro Inflation Calculator

Euro Inflation Rate, 2005-2017 (€1)

The consumer price index (CPI) in 2005 was 84.80166667. 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 1.55% per year. Prices in 2017 are 20.3% higher than prices in 2005.

In other words, €1 in the year 2005 is equivalent to €1.20 in 2017, a difference of €0.20 over 12 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 2005 to 2017
Cumulative price change 20.33%
Average inflation rate 1.55%
Price difference (€1 base) €0.20
CPI in 2005 84.80166667
CPI in 2017 102.04

Euro inflation chart from 1996 to 2017

How to calculate the inflation rate for €1 since 2005

Start with the inflation rate formula:

CPI in 2017 / CPI in 2005 * 2005 EUR value = 2017 EUR value

Then plug in historical CPI values. The Euro CPI was 84.80166667 in the year 2005 and 102.04 in 2017:

102.04 / 84.80166667 * €1 = €1.20

The "purchasing power" of €1 from 2005 is €1.20 in 2017.

News headlines from 2005

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

  • Egyptian President Hosni Mubarak asks Parliament to amend Article 76 and orders constitutional changes in order to allow multi-candidate presidential elections.
  • Syria's 29-year-long military domination of Lebanon ends, after it withdraws the last of its 14,000 troops under international pressure.
  • A coordinated bomb attack hits London's public transport system, during the morning rush hour, killing 52 and injuring a further 700 people.
  • Angela Merkel becomes first female Chancellor of Germany.

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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