# €100 in 1997 → €109.61 in 2002

### Euro Inflation Rate, €100 in 1997 to 2002

According to the European Central Bank consumer price index, prices in 2002 are 9.61% higher than average prices since 1997. The Euro experienced an average inflation rate of 1.85% per year during this period, meaning the real value of a euro decreased.

In other words, €100 in 1997 is equivalent in purchasing power to about €109.61 in 2002, a difference of €9.61 over 5 years.

The 1997 inflation rate was 1.70%. The inflation rate in 2002 was 2.27%. The 2002 inflation rate is higher compared to the average inflation rate of 1.60% per year between 2002 and 2020.

 Cumulative price change 9.61% Average inflation rate 1.85% Converted amount (€100 base) €109.61 Price difference (€100 base) €9.61 CPI in 1997 72.555 CPI in 2002 79.526 Inflation in 1997 1.70% Inflation in 2002 2.27%

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 €109.61 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €109.61 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 buys less over the past 5 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:

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.

### How to Calculate Inflation Rate for €100, 1997 to 2002

This inflation calculator uses the following inflation rate formula:

CPI in 2002CPI in 1997
×
1997 EUR value
=
2002 EUR value

Then plug in historical CPI values. The Euro CPI was 72.555 in the year 1997 and 79.52583333 in 2002:

79.5258333372.555
×
€100
=
€109.61

€100 in 1997 has the same "purchasing power" or "buying power" as €109.61 in 2002.

To get the total inflation rate for the 5 years between 1997 and 2002, we use the following formula:

CPI in 2002 - CPI in 1997CPI in 1997
×
100
=
Cumulative inflation rate (5 years)

Plugging in the values to this equation, we get:

79.52583333 - 72.55572.555
×
100
=
10%

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 2002 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Jan. 2020, https://www.officialdata.org/1997-euro-in-2002.