Euro inflation rate in 2011: 2.72%

€

Inflation in 2011 and its effect on euro value

€1 in 2010 is equivalent in purchasing power to about €1.03 in 2011. The euro had an average inflation rate of 2.72% per year between 2010 and 2011, producing a cumulative price increase of 2.72%. Purchasing power decreased by 2.72% in 2011 compared to 2010. On average, you would have to spend 2.72% more money in 2011 than in 2010 for the same item.

This means that prices in 2011 are 1.03 times as high as average prices since 2010, according to the European Central Bank consumer price index.

The inflation rate in 2010 was 1.61%. The inflation rate in 2011 was 2.72%. The 2011 inflation rate is higher compared to the average inflation rate of 2.24% per year between 2011 and 2024.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2011 was 95.82. It was 93.28 in the previous year, 2010. The difference in CPI between the years is used by the European Central Bank to officially determine inflation.

⌃
Inflation from 2010 to 2011
Average inflation rate2.72%
Converted amount
€1 base		€1.03
Price difference
€1 base		€0.03
CPI in 201093.280
CPI in 201195.821
Inflation in 20101.61%
Inflation in 20112.72%
€1 in 2010€1.03 in 2011
Recent EUR inflation
Annual Rate, the European Central Bank CPI
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How to calculate inflation rate for €1, 2010 to 2011

Our calculations use the following inflation rate formula to calculate the change in value between 2010 and 2011:

CPI in 2011 CPI in 2010
×
2010 EUR value
=
2011 EUR value

Then plug in historical CPI values. The Euro CPI was 93.28 in the year 2010 and 95.82083333 in 2011:

95.8208333393.28
×
€1
=
€1.03

€1 in 2010 has the same "purchasing power" or "buying power" as €1.03 in 2011.

To get the total inflation rate for the 1 years between 2010 and 2011, we use the following formula:

CPI in 2011 - CPI in 2010CPI in 2010
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

95.82083333 - 93.2893.28
×
100
=
3%

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 2011 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Apr. 2024, https://www.officialdata.org/Euro-inflation-rate-in-2011.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 2010 to 2011
Average inflation rate2.72%
Converted amount
€1 base		€1.03
Price difference
€1 base		€0.03
CPI in 201093.280
CPI in 201195.821
Inflation in 20101.61%
Inflation in 20112.72%
€1 in 2010€1.03 in 2011