👉 You may be interested in **Inflation from 2004 to **__2020__

According to the European Central Bank consumer price index, prices in 2018 are 24.71% higher than average prices since 2004. The Euro experienced an average inflation rate of 1.59% per year during this period, causing the real value of a euro to decrease.

In other words, €100 in 2004 is equivalent in purchasing power to about €124.71 in 2018, a difference of €24.71 over 14 years.

The 2004 inflation rate was 2.18%. The inflation rate in 2018 was 1.67%. The 2018 inflation rate is higher compared to the average inflation rate of 1.14% per year between 2018 and 2020.

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Cumulative price change | 24.71% |

Average inflation rate | 1.59% |

Converted amount (€100 base) | €124.71 |

Price difference (€100 base) | €24.71 |

CPI in 2004 | 82.978 |

CPI in 2018 | 103.481 |

Inflation in 2004 | 2.18% |

Inflation in 2018 | 1.67% |

This chart shows a calculation of buying power equivalence for €100 in 2004 (price index tracking began in 1996).

For example, if you started with €100, you would need to end with €124.71 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €124.71 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 2004 dollars, the chart below shows how €100 is worth less over 14 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 conversion table shows various other 2004 amounts in 2018 euros, based on the 24.71% change in prices:

Initial value | Equivalent value |
---|---|

€1 euro in 2004 | €1.25 euros in 2018 |

€5 euros in 2004 | €6.24 euros in 2018 |

€10 euros in 2004 | €12.47 euros in 2018 |

€50 euros in 2004 | €62.35 euros in 2018 |

€100 euros in 2004 | €124.71 euros in 2018 |

€500 euros in 2004 | €623.54 euros in 2018 |

€1,000 euros in 2004 | €1,247.08 euros in 2018 |

€5,000 euros in 2004 | €6,235.42 euros in 2018 |

€10,000 euros in 2004 | €12,470.83 euros in 2018 |

€50,000 euros in 2004 | €62,354.17 euros in 2018 |

€100,000 euros in 2004 | €124,708.35 euros in 2018 |

€500,000 euros in 2004 | €623,541.74 euros in 2018 |

€1,000,000 euros in 2004 | €1,247,083.48 euros in 2018 |

Our calculations use the following inflation rate formula to calculate the change in value between 2004 and 2018:

CPI in 2018
CPI in 2004

×

2004 EUR value

=

2018 EUR value

Then plug in historical CPI values. The Euro CPI was 82.97833333 in the year 2004 and 103.4809091 in 2018:

103.480909182.97833333

×

€100

=

€100 in 2004 has the same "purchasing power" or "buying power" as €124.71 in 2018.

To get the total inflation rate for the 14 years between 2004 and 2018, we use the following formula:

CPI in 2018 - CPI in 2004CPI in 2004

×

100

=

Plugging in the values to this equation, we get:

103.4809091 - 82.9783333382.97833333

×

100

=

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

- The Humanitarian Ceasefire Agreement is signed by the Sudanese government and two rebel groups.
- Massachusetts becomes the first United States state to legalize same-sex marriage.
- The Indonesian elections are won by Susilo Bambang Yudhoyono.

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: “2004 euros in 2018 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 8 Aug. 2020, https://www.officialdata.org/2004-euro-in-2018.

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.

Cumulative price change | 24.71% |

Average inflation rate | 1.59% |

Converted amount (€100 base) | €124.71 |

Price difference (€100 base) | €24.71 |

CPI in 2004 | 82.978 |

CPI in 2018 | 103.481 |

Inflation in 2004 | 2.18% |

Inflation in 2018 | 1.67% |