Euro inflation rate in 2007: 2.17%

Euro Inflation Calculator

Euro Inflation Rate, 2007-2017 (€1)

The consumer price index (CPI) in 2007 was 88.54833333. 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 1.43% per year. Prices in 2017 are 15.2% higher than prices in 2007.

In other words, €1 in the year 2007 is equivalent to €1.15 in 2017, a difference of €0.15 over 10 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 2007 to 2017
Cumulative price change 15.24%
Average inflation rate 1.43%
Price difference (€1 base) €0.15
CPI in 2007 88.54833333
CPI in 2017 102.04

Euro inflation chart from 1996 to 2017

How to calculate the inflation rate for €1 since 2007

Start with the inflation rate formula:

CPI in 2017 / CPI in 2007 * 2007 EUR value = 2017 EUR value

Then plug in historical CPI values. The Euro CPI was 88.54833333 in the year 2007 and 102.04 in 2017:

102.04 / 88.54833333 * €1 = €1.15

€1 in 2007 has the same "purchasing power" as €1.15 in 2017.

News headlines from 2007

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

  • The British Army withdraws from Northern Ireland, marking the end of, operation Banner - the longest operation in British military history.
  • The South Korean President enters North Korea, crossing the Military Demarcation Line, to the second Inter-Korean Summit with the leader of North Korea.
  • Bulgaria and Romania join the European Union. Aside from Irish, languages of the two countries become official EU languages, amongst 20 others.
  • Slovenia becomes the 13th Eurozone country, after adopting the Euro currency.

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.

» Read more about inflation.