# €100 in 2003 → €117.99 in 2011

### Euro Inflation Rate, €100 in 2003 to 2011

According to the European Central Bank consumer price index, prices in 2011 are 17.99% higher than average prices since 2003. The Euro experienced an average inflation rate of 2.09% per year during this period, meaning the real value of a euro decreased.

In other words, €100 in 2003 is equivalent in purchasing power to about €117.99 in 2011, a difference of €17.99 over 8 years.

The 2003 inflation rate was 2.12%. The inflation rate in 2011 was 2.72%. The 2011 inflation rate is higher compared to the average inflation rate of 1.11% per year between 2011 and 2020.

 Cumulative price change 17.99% Average inflation rate 2.09% Converted amount (€100 base) €117.99 Price difference (€100 base) €17.99 CPI in 2003 81.210 CPI in 2011 95.821 Inflation in 2003 2.12% Inflation in 2011 2.72%

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

### Buying power of €100 in 2003

This chart shows a calculation of buying power equivalence for €100 in 2003 (price index tracking began in 1996).

For example, if you started with €100, you would need to end with €117.99 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €117.99 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 2003 dollars, the chart below shows how €100 buys less over the past 8 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
2003 €100.00 2.12%
2004 €102.18 2.18%
2005 €104.42 2.20%
2006 €106.73 2.21%
2007 €109.04 2.17%
2008 €112.68 3.34%
2009 €113.04 0.32%
2010 €114.86 1.61%
2011 €117.99 2.72%
2012 €120.94 2.50%
2013 €122.57 1.35%
2014 €123.10 0.43%
2015 €123.14 0.03%
2016 €123.44 0.24%
2017 €125.33 1.54%
2018 €127.42 1.67%
2019 €128.42 0.78%
2020 €130.34 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, 2003 to 2011

This inflation calculator uses the following inflation rate formula:

CPI in 2011CPI in 2003
×
2003 EUR value
=
2011 EUR value

Then plug in historical CPI values. The Euro CPI was 81.21 in the year 2003 and 95.82083333 in 2011:

95.8208333381.21
×
€100
=
€117.99

€100 in 2003 has the same "purchasing power" or "buying power" as €117.99 in 2011.

To get the total inflation rate for the 8 years between 2003 and 2011, we use the following formula:

CPI in 2011 - CPI in 2003CPI in 2003
×
100
=
Cumulative inflation rate (8 years)

Plugging in the values to this equation, we get:

95.82083333 - 81.2181.21
×
100
=
18%

### News headlines from 2003

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

• Despite a lack of support from the United Nations, a coalition lead by America and Britain invades Iraq.
• Baghdad falls, ending the invasion of Iraq.
• 10 new members are admitted to the European Union after signing the Treaty of Accession in Athens.

### 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 2011 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Jan. 2020, https://www.officialdata.org/2003-euro-in-2011.

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.

 Cumulative price change 17.99% Average inflation rate 2.09% Converted amount (€100 base) €117.99 Price difference (€100 base) €17.99 CPI in 2003 81.210 CPI in 2011 95.821 Inflation in 2003 2.12% Inflation in 2011 2.72%