According to the European Central Bank consumer price index, prices in 2003 are 6.96% higher than average prices since 2000. The Euro experienced an average inflation rate of 2.27% per year during this period, meaning the real value of a euro decreased.

In other words, €100 in 2000 is equivalent in purchasing power to about €106.96 in 2003, a difference of €6.96 over 3 years.

The 2000 inflation rate was 2.18%. 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.

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Cumulative price change | 6.96% |

Average inflation rate | 2.27% |

Converted amount (€100 base) | €106.96 |

Price difference (€100 base) | €6.96 |

CPI in 2000 | 75.928 |

CPI in 2003 | 81.210 |

Inflation in 2000 | 2.18% |

Inflation in 2003 | 2.12% |

This chart shows a calculation of buying power equivalence for €100 in 2000 (price index tracking began in 1996).

For example, if you started with €100, you would need to end with €106.96 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €106.96 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 2000 dollars, the chart below shows how €100 buys less over the past 3 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:

This inflation calculator uses the following inflation rate formula:

CPI in 2003CPI in 2000

×

2000 EUR value

=

2003 EUR value

Then plug in historical CPI values. The Euro CPI was 75.9275 in the year 2000 and 81.21 in 2003:

81.2175.9275

×

€100

=

€100 in 2000 has the same "purchasing power" or "buying power" as €106.96 in 2003.

To get the total inflation rate for the 3 years between 2000 and 2003, we use the following formula:

CPI in 2003 - CPI in 2000CPI in 2000

×

100

=

Plugging in the values to this equation, we get:

81.21 - 75.927575.9275

×

100

=

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

- Steve Ballmer becomes CEO of Microsoft after Bill Gates steps down.
- Dot-com bubble bursts after NASDAQ Composite stock market index peaks.
- George Bush becomes President of the U.S. in a disputed election that is eventually resolved by the Supreme Court.
- Gisborne, New Zealand becomes the first city to enter the new millennium.

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: “€100 in 2000 → 2003 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Feb. 2020, https://www.officialdata.org/2000-euro-in-2003?amount=100.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Cumulative price change | 6.96% |

Average inflation rate | 2.27% |

Converted amount (€100 base) | €106.96 |

Price difference (€100 base) | €6.96 |

CPI in 2000 | 75.928 |

CPI in 2003 | 81.210 |

Inflation in 2000 | 2.18% |

Inflation in 2003 | 2.12% |