€1 in 2007 → €1.05 in 2010

Euro Inflation Calculator

€1 in 2007 → €1.05 in 2010

Euro Inflation Rate, €1 in 2007 to 2010

According to the European Central Bank consumer price index, prices in 2010 are 5.34% higher than average prices throughout 2007. The euro experienced an average inflation rate of 1.75% per year during this period, meaning the real value of a dollar decreased.

In other words, €1 in 2007 is equivalent in purchasing power to about €1.05 in 2010, a difference of €0.05 over 3 years.

The 2007 inflation rate was 2.17%. The inflation rate in 2010 was 1.61%. The 2010 inflation rate is higher compared to the average inflation rate of 1.25% per year between 2010 and 2019.


Inflation from 2007 to 2010
Cumulative price change 5.34%
Average inflation rate 1.75%
Converted amount (€1 base) €1.05
Price difference (€1 base) €0.05
CPI in 2007 88.548
CPI in 2010 93.280
Inflation in 2007 2.17%
Inflation in 2010 1.61%

Euro inflation chart from 1996 to 2017


Buying power of €1 in 2007

This chart shows calculation of buying power equivalence, often referred to as "the value of a euro" over time for €1 in 2007 (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
2007 €1.00 2.17%
2008 €1.03 3.34%
2009 €1.04 0.32%
2010 €1.05 1.61%
2011 €1.08 2.72%
2012 €1.11 2.50%
2013 €1.12 1.35%
2014 €1.13 0.43%
2015 €1.13 0.03%
2016 €1.13 0.24%
2017 €1.15 1.54%
2018 €1.17 1.67%
2019 €1.18 0.78%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for €1, 2007 to 2010

This inflation calculator uses the following inflation rate formula:

CPI in 2010CPI in 2007
×
2007 EUR value
=
2010 EUR value

Then plug in historical CPI values. The Euro CPI was 88.54833333 in the year 2007 and 93.28 in 2010:

93.2888.54833333
×
€1
=
€1.05

€1 in 2007 has the same "purchasing power" or "buying power" as €1.05 in 2010.

To get the total inflation rate for the 3 years between 2007 and 2010, we use the following formula:

CPI in 2010 - CPI in 2007CPI in 2007
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

93.28 - 88.5483333388.54833333
×
100
=
5%

News headlines from 2007

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: “€1 in 2007 → 2010 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 13 Dec. 2019, https://www.officialdata.org/2007-euro-in-2010?amount=1.

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.

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» Read more about inflation and investment.

Inflation from 2007 to 2010
Cumulative price change 5.34%
Average inflation rate 1.75%
Converted amount (€1 base) €1.05
Price difference (€1 base) €0.05
CPI in 2007 88.548
CPI in 2010 93.280
Inflation in 2007 2.17%
Inflation in 2010 1.61%
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