# €100 in 2002 is worth €111.35 in 2007

## Value of €100 from 2002 to 2007

According to the European Central Bank consumer price index, prices in 2007 are 11.35% higher than average prices since 2002. The Euro experienced an average inflation rate of 2.17% per year during this period, causing the real value of a euro to decrease.

In other words, €100 in 2002 is equivalent in purchasing power to about €111.35 in 2007, a difference of €11.35 over 5 years.

The 2002 inflation rate was 2.27%. The inflation rate in 2007 was 2.17%. The 2007 inflation rate is higher compared to the average inflation rate of 1.38% per year between 2007 and 2020.

 Cumulative price change 11.35% Average inflation rate 2.17% Converted amount (€100 base) €111.35 Price difference (€100 base) €11.35 CPI in 2002 79.526 CPI in 2007 88.548 Inflation in 2002 2.27% Inflation in 2007 2.17%

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

## Buying power of €100 in 2002

This chart shows a calculation of buying power equivalence for €100 in 2002 (price index tracking began in 1996).

For example, if you started with €100, you would need to end with €111.35 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €111.35 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 2002 dollars, the chart below shows how €100 is worth less over 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:

Euro inflation: 2002-2007
Year Euro Value Inflation Rate
2002 €100.00 2.27%
2003 €102.12 2.12%
2004 €104.34 2.18%
2005 €106.63 2.20%
2006 €108.99 2.21%
2007 €111.35 2.17%
2008 €115.07 3.34%
2009 €115.43 0.32%
2010 €117.30 1.61%
2011 €120.49 2.72%
2012 €123.50 2.50%
2013 €125.16 1.35%
2014 €125.70 0.43%
2015 €125.75 0.03%
2016 €126.05 0.24%
2017 €127.99 1.54%
2018 €130.12 1.67%
2019 €131.14 0.78%
2020 €133.10 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2002 amounts in 2007 euros, based on the 11.35% change in prices:

Conversion Table: Value of a euro in 2007
Initial value Equivalent value
€1 euro in 2002 €1.11 euros in 2007
€5 euros in 2002 €5.57 euros in 2007
€10 euros in 2002 €11.13 euros in 2007
€50 euros in 2002 €55.67 euros in 2007
€100 euros in 2002 €111.35 euros in 2007
€500 euros in 2002 €556.73 euros in 2007
€1,000 euros in 2002 €1,113.45 euros in 2007
€5,000 euros in 2002 €5,567.27 euros in 2007
€10,000 euros in 2002 €11,134.54 euros in 2007
€50,000 euros in 2002 €55,672.68 euros in 2007
€100,000 euros in 2002 €111,345.37 euros in 2007
€500,000 euros in 2002 €556,726.85 euros in 2007
€1,000,000 euros in 2002 €1,113,453.70 euros in 2007

## How to Calculate Inflation Rate for €100, 2002 to 2007

Our calculations use the following inflation rate formula to calculate the change in value between 2002 and 2007:

CPI in 2007 CPI in 2002
×
2002 EUR value
=
2007 EUR value

Then plug in historical CPI values. The Euro CPI was 79.52583333 in the year 2002 and 88.54833333 in 2007:

88.5483333379.52583333
×
€100
=
€111.35

€100 in 2002 has the same "purchasing power" or "buying power" as €111.35 in 2007.

To get the total inflation rate for the 5 years between 2002 and 2007, we use the following formula:

CPI in 2007 - CPI in 2002CPI in 2002
×
100
=
Cumulative inflation rate (5 years)

Plugging in the values to this equation, we get:

88.54833333 - 79.5258333379.52583333
×
100
=
11%

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

• United States deploys conventional forces as part of Operation Anaconda during the US invasion of Afghanistan.
• Jimmy Carter visits Cuba, marking the first time an American president has visited the Island since 1959.
• It is announced that Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia will become members of the European Union from May 1, 2004.

## 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: “2002 euros in 2007 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Jun. 2020, https://www.officialdata.org/2002-euro-in-2007.