€100 in 2003 is worth €102.18 in 2004

€

Value of €100 from 2003 to 2004

€100 in 2003 is equivalent in purchasing power to about €102.18 in 2004. The euro had an average inflation rate of 2.18% per year between 2003 and 2004, producing a cumulative price increase of 2.18%.

This means that prices in 2004 are 1.02 times as high as average prices since 2003, according to the European Central Bank consumer price index.

The inflation rate in 2003 was 2.12%. The inflation rate in 2004 was 2.18%. The 2004 inflation rate is lower compared to the average inflation rate of 2.18% per year between 2004 and 2024.

⌃
Inflation from 2003 to 2004
Average inflation rate2.18%
Converted amount
€100 base		€102.18
Price difference
€100 base		€2.18
CPI in 200381.210
CPI in 200482.978
Inflation in 20032.12%
Inflation in 20042.18%
€100 in 2003€102.18 in 2004
Recent EUR inflation
Annual Rate, the European Central Bank CPI
Download

How to calculate inflation rate for €100, 2003 to 2004

Our calculations use the following inflation rate formula to calculate the change in value between 2003 and 2004:

CPI in 2004 CPI in 2003
×
2003 EUR value
=
2004 EUR value

Then plug in historical CPI values. The Euro CPI was 81.21 in the year 2003 and 82.97833333 in 2004:

82.9783333381.21
×
€100
=
€102.18

€100 in 2003 has the same "purchasing power" or "buying power" as €102.18 in 2004.

To get the total inflation rate for the 1 years between 2003 and 2004, we use the following formula:

CPI in 2004 - CPI in 2003CPI in 2003
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

82.97833333 - 81.2181.21
×
100
=
2%

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: “2003 euros in 2004 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 Apr. 2024, https://www.officialdata.org/2003-euro-in-2004.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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

Ian Webster

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 2003 to 2004
Average inflation rate2.18%
Converted amount
€100 base		€102.18
Price difference
€100 base		€2.18
CPI in 200381.210
CPI in 200482.978
Inflation in 20032.12%
Inflation in 20042.18%
€100 in 2003€102.18 in 2004