According to the European Central Bank consumer price index, prices in 2019 are 31.15% higher than prices in 2002. The euro experienced an average inflation rate of 1.61% per year during this period.

In other words, €100 in 2002 is equivalent in purchasing power to €131.15 in 2019, a difference of €31.15 over 17 years.

The 2002 inflation rate was 2.27%. The current inflation rate (2018 to 2019) is now 0.79%^{1}. If this number holds, €100 today will be equivalent to €100.79 next year.

⌃

Cumulative price change | 31.15% |

Average inflation rate | 1.61% |

Converted amount (€100 base) | €131.15 |

Price difference (€100 base) | €31.15 |

CPI in 2002 | 79.526 |

CPI in 2019 | 104.300 |

Inflation in 2002 | 2.27% |

Inflation in 2019 | 0.79% |

This chart shows calculations of buying power equivalence over time for €100 in 2002 (price index tracking began in 1996).

According to the European Central Bank, each of these EUR amounts below is equal in terms of what it could buy at the time:

Year | EUR Value | Inflation Rate |
---|---|---|

2002 | €100.00 | 2.27% |

2003 | €102.12 | 2.12% |

2004 | €104.34 | 2.18% |

2005 | €106.63 | 2.20% |

2006 | €108.99 | 2.21% |

2007 | €111.35 | 2.17% |

2008 | €115.07 | 3.34% |

2009 | €115.43 | 0.32% |

2010 | €117.30 | 1.61% |

2011 | €120.49 | 2.72% |

2012 | €123.50 | 2.50% |

2013 | €125.16 | 1.35% |

2014 | €125.70 | 0.43% |

2015 | €125.75 | 0.03% |

2016 | €126.05 | 0.24% |

2017 | €127.99 | 1.54% |

2018 | €130.12 | 1.67% |

2019 | €131.15 | 0.79%* |

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 2002

×

2002 EUR value

=

2019 EUR value

Then plug in historical CPI values. The Euro CPI was 79.52583333 in the year 2002 and 104.3 in 2019:

104.379.52583333

×

€100

=

€100 in 2002 has the same "purchasing power" or "buying power" as €131.15 in 2019.

To get the total inflation rate for the 17 years between 2002 and 2019, we use the following formula:

CPI in 2019 - CPI in 2002CPI in 2002

×

100

=

Plugging in the values to this equation, we get:

104.3 - 79.5258333379.52583333

×

100

=

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

- United States deploys conventional forces as part of Operation Anaconda during the US invasion of Afghanistan.
- Jimmy Carter visits Cuba, marking the first time an American president has visited the Island since 1959.
- It is announced that Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia will become members of the European Union from May 1, 2004.

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: “2002 euros today | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Jan. 2019, https://www.officialdata.org/eu/inflation/2002.

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