# €100 in 1998 is worth €101.17 in 1999

## Value of €100 from 1998 to 1999

According to the European Central Bank consumer price index, prices in 1999 are 1.17% higher than average prices since 1998. The Euro experienced an average inflation rate of 1.17% per year during this period, causing the real value of a euro to decrease.

In other words, €100 in 1998 is equivalent in purchasing power to about €101.17 in 1999.

The 1998 inflation rate was 1.23%. The inflation rate in 1999 was 1.17%. The 1999 inflation rate is lower compared to the average inflation rate of 1.70% per year between 1999 and 2020.

 Average inflation rate 1.17% Converted amount (€100 base) €101.17 Price difference (€100 base) €1.17 CPI in 1998 73.445 CPI in 1999 74.304 Inflation in 1998 1.23% Inflation in 1999 1.17%

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

## How to Calculate Inflation Rate for €100, 1998 to 1999

Our calculations use the following inflation rate formula to calculate the change in value between 1998 and 1999:

CPI in 1999 CPI in 1998
×
1998 EUR value
=
1999 EUR value

Then plug in historical CPI values. The Euro CPI was 73.445 in the year 1998 and 74.30416667 in 1999:

74.3041666773.445
×
€100
=
€101.17

€100 in 1998 has the same "purchasing power" or "buying power" as €101.17 in 1999.

To get the total inflation rate for the 1 years between 1998 and 1999, we use the following formula:

CPI in 1999 - CPI in 1998CPI in 1998
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

74.30416667 - 73.44573.445
×
100
=
1%

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

• The Good Friday Agreement is accepted in a referendum in Northern Ireland.
• President of the US Bill Clinton admits that he had an "improper physical relationship" with an intern and then denied it in the same day. The event has come to be known as the Monica Lewinsky scandal.

## 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: “1998 euros in 1999 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 May. 2020, https://www.officialdata.org/1998-euro-in-1999.