# Euro inflation rate in 2009: 0.32%

### Inflation in 2009 and Its Effect on Euro Value

Purchasing power decreased by 0.32% in 2009 compared to 2008. On average, you would have to spend 0.32% more money in 2009 than in 2008 for the same item.

In other words, €1 in 2008 is equivalent in purchasing power to about €1.00 in 2009.

The 2008 inflation rate was 3.34%. The inflation rate in 2009 was 0.32%. The 2009 inflation rate is lower compared to the average inflation rate of 1.28% per year between 2009 and 2019.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2009 was 91.80. It was 91.51 in the previous year, 2008. The difference in CPI between the years is used by the European Central Bank to officially determine inflation.

 Average inflation rate 0.32% Converted amount (€1 base) €1.00 Price difference (€1 base) €0.00 CPI in 2008 91.508 CPI in 2009 91.798 Inflation in 2008 3.34% Inflation in 2009 0.32%

### How to Calculate Inflation Rate for €1, 2008 to 2009

This inflation calculator uses the following inflation rate formula:

CPI in 2009CPI in 2008
×
2008 EUR value
=
2009 EUR value

Then plug in historical CPI values. The Euro CPI was 91.50833333 in the year 2008 and 91.79833333 in 2009:

91.7983333391.50833333
×
€1
=
€1.00

€1 in 2008 has the same "purchasing power" or "buying power" as €1.00 in 2009.

To get the total inflation rate for the 1 years between 2008 and 2009, we use the following formula:

CPI in 2009 - CPI in 2008CPI in 2008
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

91.79833333 - 91.5083333391.50833333
×
100
=
0%

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

• 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.

### Data Source & Citation

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 2009 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Oct. 2019, https://www.officialdata.org/Euro-inflation-rate-in-2009.