€100 in 1997 is worth €114.37 in 2004

Value of €100 from 1997 to 2004

According to the European Central Bank consumer price index, prices in 2004 are 14.37% higher than average prices since 1997. The Euro experienced an average inflation rate of 1.94% 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 €114.37 in 2004, a difference of €14.37 over 7 years.

The 1997 inflation rate was 1.70%. The inflation rate in 2004 was 2.18%. The 2004 inflation rate is higher compared to the average inflation rate of 1.53% per year between 2004 and 2020.


Inflation from 1997 to 2004
Cumulative price change 14.37%
Average inflation rate 1.94%
Converted amount (€100 base) €114.37
Price difference (€100 base) €14.37
CPI in 1997 72.555
CPI in 2004 82.978
Inflation in 1997 1.70%
Inflation in 2004 2.18%

EUR Inflation since 1996
Annual Rate, the European Central Bank CPI
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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 €114.37 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €114.37 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 7 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: 1997-2004
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 2004 euros, based on the 14.37% change in prices:

Conversion Table: Value of a euro in 2004
Initial value Equivalent value
€1 euro in 1997 €1.14 euros in 2004
€5 euros in 1997 €5.72 euros in 2004
€10 euros in 1997 €11.44 euros in 2004
€50 euros in 1997 €57.18 euros in 2004
€100 euros in 1997 €114.37 euros in 2004
€500 euros in 1997 €571.83 euros in 2004
€1,000 euros in 1997 €1,143.66 euros in 2004
€5,000 euros in 1997 €5,718.31 euros in 2004
€10,000 euros in 1997 €11,436.61 euros in 2004
€50,000 euros in 1997 €57,183.06 euros in 2004
€100,000 euros in 1997 €114,366.11 euros in 2004
€500,000 euros in 1997 €571,830.57 euros in 2004
€1,000,000 euros in 1997 €1,143,661.13 euros in 2004

How to Calculate Inflation Rate for €100, 1997 to 2004

Our calculations use the following inflation rate formula to calculate the change in value between 1997 and 2004:

CPI in 2004 CPI in 1997
×
1997 EUR value
=
2004 EUR value

Then plug in historical CPI values. The Euro CPI was 72.555 in the year 1997 and 82.97833333 in 2004:

82.9783333372.555
×
€100
=
€114.37

€100 in 1997 has the same "purchasing power" or "buying power" as €114.37 in 2004.

To get the total inflation rate for the 7 years between 1997 and 2004, we use the following formula:

CPI in 2004 - CPI in 1997CPI in 1997
×
100
=
Cumulative inflation rate (7 years)

Plugging in the values to this equation, we get:

82.97833333 - 72.55572.555
×
100
=
14%

News headlines from 1997

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 2004 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Aug. 2020, https://www.officialdata.org/1997-euro-in-2004.

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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Inflation from 1997 to 2004
Cumulative price change 14.37%
Average inflation rate 1.94%
Converted amount (€100 base) €114.37
Price difference (€100 base) €14.37
CPI in 1997 72.555
CPI in 2004 82.978
Inflation in 1997 1.70%
Inflation in 2004 2.18%