Euro inflation rate in 2008: 3.34%

Euro Inflation Calculator

Euro Inflation Rate, 2008-2017 (€1)

The consumer price index (CPI) in 2008 was 91.50833333. 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 1.22% per year. Prices in 2017 are 11.5% higher than prices in 2008.

In other words, €1 in the year 2008 is equivalent to €1.12 in 2017, a difference of €0.12 over 9 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 2008 to 2017
Cumulative price change 11.51%
Average inflation rate 1.22%
Price difference (€1 base) €0.12
CPI in 2008 91.50833333
CPI in 2017 102.04

Euro inflation chart from 1996 to 2017

How to calculate the inflation rate for €1 since 2008

Start with the inflation rate formula:

CPI in 2017 / CPI in 2008 * 2008 EUR value = 2017 EUR value

Then plug in historical CPI values. The Euro CPI was 91.50833333 in the year 2008 and 102.04 in 2017:

102.04 / 91.50833333 * €1 = €1.12

€1 in 2008 has the same "purchasing power" as €1.12 in 2017.

News headlines from 2008

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

  • Black Monday: stock markets crash all over the globe, resulting in enormous drops in global stock markets and halts in trading.
  • Fidel Castro retires as Cuban President due to ill health, after nearly 50 years in power.
  • Barak Obama becomes the first African American to receive the presidential nomination of his party.

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.