# €100 in 1997 is worth €107.17 in 2001

## Value of €100 from 1997 to 2001

According to the European Central Bank consumer price index, prices in 2001 are 7.17% higher than average prices since 1997. The Euro experienced an average inflation rate of 1.75% per year during this period, causing the real value of a euro to decrease.

In other words, €100 in 1997 is equivalent in purchasing power to about €107.17 in 2001, a difference of €7.17 over 4 years.

The 1997 inflation rate was 1.70%. The inflation rate in 2001 was 2.41%. The 2001 inflation rate is higher compared to the average inflation rate of 1.64% per year between 2001 and 2020.

 Cumulative price change 7.17% Average inflation rate 1.75% Converted amount (€100 base) €107.17 Price difference (€100 base) €7.17 CPI in 1997 72.555 CPI in 2001 77.760 Inflation in 1997 1.70% Inflation in 2001 2.41%

EUR Inflation since 1996
Annual Rate, the European Central Bank CPI

## Buying power of €100 in 1997

This chart shows a calculation of buying power equivalence for €100 in 1997 (price index tracking began in 1996).

For example, if you started with €100, you would need to end with €107.17 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €107.17 over time, that means that the "real value" of a single Euro euro decreases over time. In other words, a euro will pay for fewer items at the store.

This effect explains how inflation erodes the value of a euro over time. By calculating the value in 1997 dollars, the chart below shows how €100 is worth less over 4 years.

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

Euro inflation: 1997-2001
Year Euro Value Inflation Rate
1997 €100.00 1.70%
1998 €101.23 1.23%
1999 €102.41 1.17%
2000 €104.65 2.18%
2001 €107.17 2.41%
2002 €109.61 2.27%
2003 €111.93 2.12%
2004 €114.37 2.18%
2005 €116.88 2.20%
2006 €119.46 2.21%
2007 €122.04 2.17%
2008 €126.12 3.34%
2009 €126.52 0.32%
2010 €128.56 1.61%
2011 €132.07 2.72%
2012 €135.37 2.50%
2013 €137.19 1.35%
2014 €137.78 0.43%
2015 €137.83 0.03%
2016 €138.16 0.24%
2017 €140.28 1.54%
2018 €142.62 1.67%
2019 €143.74 0.78%
2020 €145.89 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1997 amounts in 2001 euros, based on the 7.17% change in prices:

Conversion Table: Value of a euro in 2001
Initial value Equivalent value
€1 euro in 1997 €1.07 euros in 2001
€5 euros in 1997 €5.36 euros in 2001
€10 euros in 1997 €10.72 euros in 2001
€50 euros in 1997 €53.59 euros in 2001
€100 euros in 1997 €107.17 euros in 2001
€500 euros in 1997 €535.87 euros in 2001
€1,000 euros in 1997 €1,071.74 euros in 2001
€5,000 euros in 1997 €5,358.69 euros in 2001
€10,000 euros in 1997 €10,717.39 euros in 2001
€50,000 euros in 1997 €53,586.93 euros in 2001
€100,000 euros in 1997 €107,173.87 euros in 2001
€500,000 euros in 1997 €535,869.34 euros in 2001
€1,000,000 euros in 1997 €1,071,738.68 euros in 2001

## How to Calculate Inflation Rate for €100, 1997 to 2001

Our calculations use the following inflation rate formula to calculate the change in value between 1997 and 2001:

CPI in 2001 CPI in 1997
×
1997 EUR value
=
2001 EUR value

Then plug in historical CPI values. The Euro CPI was 72.555 in the year 1997 and 77.76 in 2001:

77.7672.555
×
€100
=
€107.17

€100 in 1997 has the same "purchasing power" or "buying power" as €107.17 in 2001.

To get the total inflation rate for the 4 years between 1997 and 2001, we use the following formula:

CPI in 2001 - CPI in 1997CPI in 1997
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

77.76 - 72.55572.555
×
100
=
7%

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

• Production, stockpiling and use of chemical weapons is outlawed as the Chemical Weapons Convention of 1993 comes into force.
• The British lease of the New Territories in Hong Kong expires.
• Diana, Princess of Wales, dies in a car crash in Paris.
• Hong Kong begins slaughtering chickens to prevent bird flu.

## 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: “1997 euros in 2001 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 2 Jun. 2020, https://www.officialdata.org/1997-euro-in-2001.