€100 in 2002 → €130.12 in 2018

Euro Inflation Calculator

€100 in 2002 → €130.12 in 2018

👉 You may be interested in Inflation from 2002 to 2019

Euro Inflation Rate, €100 in 2002 to 2018

According to the European Central Bank consumer price index, prices in 2018 are 30.12% higher than average prices throughout 2002. The euro experienced an average inflation rate of 1.66% per year during this period, meaning the real value of a dollar decreased.

In other words, €100 in 2002 is equivalent in purchasing power to about €130.12 in 2018, a difference of €30.12 over 16 years.

The 2002 inflation rate was 2.27%. The inflation rate in 2018 was 1.67%. The 2018 inflation rate is higher compared to the average inflation rate of 0.78% per year between 2018 and 2019.


Inflation from 2002 to 2018
Cumulative price change 30.12%
Average inflation rate 1.66%
Converted amount (€100 base) €130.12
Price difference (€100 base) €30.12
CPI in 2002 79.526
CPI in 2018 103.481
Inflation in 2002 2.27%
Inflation in 2018 1.67%

Euro inflation chart from 1996 to 2017


Buying power of €100 in 2002

This chart shows calculation of buying power equivalence, often referred to as "the value of a euro" over time for €100 in 2002 (price index tracking began in 1996).

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
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%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 10 more rows

How to Calculate Inflation Rate for €100, 2002 to 2018

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 2002
×
2002 EUR value
=
2018 EUR value

Then plug in historical CPI values. The Euro CPI was 79.52583333 in the year 2002 and 103.4809091 in 2018:

103.480909179.52583333
×
€100
=
€130.12

€100 in 2002 has the same "purchasing power" or "buying power" as €130.12 in 2018.

To get the total inflation rate for the 16 years between 2002 and 2018, we use the following formula:

CPI in 2018 - CPI in 2002CPI in 2002
×
100
=
Cumulative inflation rate (16 years)

Plugging in the values to this equation, we get:

103.4809091 - 79.5258333379.52583333
×
100
=
30%

News headlines from 2002

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 2018 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 12 Dec. 2019, https://www.officialdata.org/2002-euro-in-2018.

Special thanks to QuickChart for providing downloadable chart images.

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


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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 2002 to 2018
Cumulative price change 30.12%
Average inflation rate 1.66%
Converted amount (€100 base) €130.12
Price difference (€100 base) €30.12
CPI in 2002 79.526
CPI in 2018 103.481
Inflation in 2002 2.27%
Inflation in 2018 1.67%
Download Image