# €100 in 2007 is worth €103.34 in 2008

## Value of €100 from 2007 to 2008

According to the European Central Bank consumer price index, prices in 2008 are 3.34% higher than average prices since 2007. The Euro experienced an average inflation rate of 3.34% per year during this period, causing the real value of a euro to decrease.

In other words, €100 in 2007 is equivalent in purchasing power to about €103.34 in 2008.

The 2007 inflation rate was 2.17%. The inflation rate in 2008 was 3.34%. The 2008 inflation rate is higher compared to the average inflation rate of 1.22% per year between 2008 and 2020.

 Average inflation rate 3.34% Converted amount (€100 base) €103.34 Price difference (€100 base) €3.34 CPI in 2007 88.548 CPI in 2008 91.508 Inflation in 2007 2.17% Inflation in 2008 3.34%

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

## How to Calculate Inflation Rate for €100, 2007 to 2008

Our calculations use the following inflation rate formula to calculate the change in value between 2007 and 2008:

CPI in 2008 CPI in 2007
×
2007 EUR value
=
2008 EUR value

Then plug in historical CPI values. The Euro CPI was 88.54833333 in the year 2007 and 91.50833333 in 2008:

91.5083333388.54833333
×
€100
=
€103.34

€100 in 2007 has the same "purchasing power" or "buying power" as €103.34 in 2008.

To get the total inflation rate for the 1 years between 2007 and 2008, we use the following formula:

CPI in 2008 - CPI in 2007CPI in 2007
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

91.50833333 - 88.5483333388.54833333
×
100
=
3%

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

• The British Army withdraws from Northern Ireland, marking the end of, operation Banner - the longest operation in British military history.
• The South Korean President enters North Korea, crossing the Military Demarcation Line, to the second Inter-Korean Summit with the leader of North Korea.
• Bulgaria and Romania join the European Union. Aside from Irish, languages of the two countries become official EU languages, amongst 20 others.
• Slovenia becomes the 13th Eurozone country, after adopting the Euro currency.

## 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: “2007 euros in 2008 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 31 May. 2020, https://www.officialdata.org/2007-euro-in-2008.