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%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Euro CPI was 91.50833333 in the year 2008 and 91.79833333 in 2009:
€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:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
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, 25 Apr. 2019, https://www.officialdata.org/Euro-inflation-rate-in-2009.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.