# €100 in 2008 is worth €100.32 in 2009

## Value of €100 from 2008 to 2009

According to the European Central Bank consumer price index, prices in 2009 are 0.32% higher than average prices since 2008. The Euro experienced an average inflation rate of 0.32% per year during this period, causing the real value of a euro to decrease.

In other words, €100 in 2008 is equivalent in purchasing power to about €100.32 in 2009.

The 2008 inflation rate was 3.34%. The inflation rate in 2009 was 0.32%. The 2009 inflation rate is lower compared to the average inflation rate of 1.30% per year between 2009 and 2020.

 Average inflation rate 0.32% Converted amount (€100 base) €100.32 Price difference (€100 base) €0.32 CPI in 2008 91.508 CPI in 2009 91.798 Inflation in 2008 3.34% Inflation in 2009 0.32%

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

## How to Calculate Inflation Rate for €100, 2008 to 2009

Our calculations use the following inflation rate formula to calculate the change in value between 2008 and 2009:

CPI in 2009 CPI in 2008
×
2008 EUR value
=
2009 EUR value

Then plug in historical CPI values. The Euro CPI was 91.50833333 in the year 2008 and 91.79833333 in 2009:

91.7983333391.50833333
×
€100
=
€100.32

€100 in 2008 has the same "purchasing power" or "buying power" as €100.32 in 2009.

To get the total inflation rate for the 1 years between 2008 and 2009, we use the following formula:

CPI in 2009 - CPI in 2008CPI in 2008
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

91.79833333 - 91.5083333391.50833333
×
100
=
0%

## News headlines from 2008

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

• Black Monday: stock markets crash all over the globe, resulting in enormous drops in global stock markets and halts in trading.
• Fidel Castro retires as Cuban President due to ill health, after nearly 50 years in power.
• Barak Obama becomes the first African American to receive the presidential nomination of his party.

## 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: “2008 euros in 2009 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 8 Aug. 2020, https://www.officialdata.org/2008-euro-in-2009.

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.

#### 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.

 Average inflation rate 0.32% Converted amount (€100 base) €100.32 Price difference (€100 base) €0.32 CPI in 2008 91.508 CPI in 2009 91.798 Inflation in 2008 3.34% Inflation in 2009 0.32%