# €100 in 1999 → €109.29 in 2003

### Euro Inflation Rate, €100 in 1999 to 2003

According to the European Central Bank consumer price index, prices in 2003 are 9.29% higher than average prices since 1999. The Euro experienced an average inflation rate of 2.25% per year during this period, meaning the real value of a euro decreased.

In other words, €100 in 1999 is equivalent in purchasing power to about €109.29 in 2003, a difference of €9.29 over 4 years.

The 1999 inflation rate was 1.17%. The inflation rate in 2003 was 2.12%. The 2003 inflation rate is higher compared to the average inflation rate of 1.57% per year between 2003 and 2020.

 Cumulative price change 9.29% Average inflation rate 2.25% Converted amount (€100 base) €109.29 Price difference (€100 base) €9.29 CPI in 1999 74.304 CPI in 2003 81.210 Inflation in 1999 1.17% Inflation in 2003 2.12%

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

### Buying power of €100 in 1999

This chart shows a calculation of buying power equivalence for €100 in 1999 (price index tracking began in 1996).

For example, if you started with €100, you would need to end with €109.29 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €109.29 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 1999 dollars, the chart below shows how €100 buys less over the past 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:

Year Euro Value Inflation Rate
1999 €100.00 1.17%
2000 €102.18 2.18%
2001 €104.65 2.41%
2002 €107.03 2.27%
2003 €109.29 2.12%
2004 €111.67 2.18%
2005 €114.13 2.20%
2006 €116.64 2.21%
2007 €119.17 2.17%
2008 €123.15 3.34%
2009 €123.54 0.32%
2010 €125.54 1.61%
2011 €128.96 2.72%
2012 €132.18 2.50%
2013 €133.96 1.35%
2014 €134.54 0.43%
2015 €134.58 0.03%
2016 €134.91 0.24%
2017 €136.98 1.54%
2018 €139.27 1.67%
2019 €140.36 0.78%
2020 €142.45 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, 1999 to 2003

This inflation calculator uses the following inflation rate formula:

CPI in 2003CPI in 1999
×
1999 EUR value
=
2003 EUR value

Then plug in historical CPI values. The Euro CPI was 74.30416667 in the year 1999 and 81.21 in 2003:

81.2174.30416667
×
€100
=
€109.29

€100 in 1999 has the same "purchasing power" or "buying power" as €109.29 in 2003.

To get the total inflation rate for the 4 years between 1999 and 2003, we use the following formula:

CPI in 2003 - CPI in 1999CPI in 1999
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

81.21 - 74.3041666774.30416667
×
100
=
9%

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

• NATO begins its bombardment of Yugoslavia in the Kosovo War marking the first time NATO attacked a sovereign country.
• 13 killed, 24 injured in the Columbine High School Massacre.
• Slobodan Milosevic and four others are indicted by the International Criminal Tribunal for former Yugoslavia, for war crimes and crimes against humanity committed in Kosovo.

### 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: “1999 euros in 2003 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Jan. 2020, https://www.officialdata.org/1999-euro-in-2003.