€100 in 2008 is worth €109.28 in 2015

Value of €100 from 2008 to 2015

According to the European Central Bank consumer price index, prices in 2015 are 9.28% higher than average prices since 2008. The Euro experienced an average inflation rate of 1.28% 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 €109.28 in 2015, a difference of €9.28 over 7 years.

The 2008 inflation rate was 3.34%. The inflation rate in 2015 was 0.03%. The 2015 inflation rate is lower compared to the average inflation rate of 1.14% per year between 2015 and 2020.


Inflation from 2008 to 2015
Cumulative price change 9.28%
Average inflation rate 1.28%
Converted amount (€100 base) €109.28
Price difference (€100 base) €9.28
CPI in 2008 91.508
CPI in 2015 100.000
Inflation in 2008 3.34%
Inflation in 2015 0.03%

EUR Inflation since 1996
Annual Rate, the European Central Bank CPI
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Buying power of €100 in 2008

This chart shows a calculation of buying power equivalence for €100 in 2008 (price index tracking began in 1996).

For example, if you started with €100, you would need to end with €109.28 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €109.28 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 2008 dollars, the chart below shows how €100 is worth less over 7 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:

Euro inflation: 2008-2015
Year Euro Value Inflation Rate
2008 €100.00 3.34%
2009 €100.32 0.32%
2010 €101.94 1.61%
2011 €104.71 2.72%
2012 €107.33 2.50%
2013 €108.78 1.35%
2014 €109.24 0.43%
2015 €109.28 0.03%
2016 €109.54 0.24%
2017 €111.23 1.54%
2018 €113.08 1.67%
2019 €113.97 0.78%
2020 €115.67 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2008 amounts in 2015 euros, based on the 9.28% change in prices:

Conversion Table: Value of a euro in 2015
Initial value Equivalent value
€1 euro in 2008 €1.09 euros in 2015
€5 euros in 2008 €5.46 euros in 2015
€10 euros in 2008 €10.93 euros in 2015
€50 euros in 2008 €54.64 euros in 2015
€100 euros in 2008 €109.28 euros in 2015
€500 euros in 2008 €546.40 euros in 2015
€1,000 euros in 2008 €1,092.80 euros in 2015
€5,000 euros in 2008 €5,463.98 euros in 2015
€10,000 euros in 2008 €10,927.97 euros in 2015
€50,000 euros in 2008 €54,639.83 euros in 2015
€100,000 euros in 2008 €109,279.66 euros in 2015
€500,000 euros in 2008 €546,398.32 euros in 2015
€1,000,000 euros in 2008 €1,092,796.65 euros in 2015

How to Calculate Inflation Rate for €100, 2008 to 2015

Our calculations use the following inflation rate formula to calculate the change in value between 2008 and 2015:

CPI in 2015 CPI in 2008
×
2008 EUR value
=
2015 EUR value

Then plug in historical CPI values. The Euro CPI was 91.50833333 in the year 2008 and 100 in 2015:

10091.50833333
×
€100
=
€109.28

€100 in 2008 has the same "purchasing power" or "buying power" as €109.28 in 2015.

To get the total inflation rate for the 7 years between 2008 and 2015, we use the following formula:

CPI in 2015 - CPI in 2008CPI in 2008
×
100
=
Cumulative inflation rate (7 years)

Plugging in the values to this equation, we get:

100 - 91.5083333391.50833333
×
100
=
9%

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 2015 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Aug. 2020, https://www.officialdata.org/2008-euro-in-2015.

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.


Ian Webster

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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Inflation from 2008 to 2015
Cumulative price change 9.28%
Average inflation rate 1.28%
Converted amount (€100 base) €109.28
Price difference (€100 base) €9.28
CPI in 2008 91.508
CPI in 2015 100.000
Inflation in 2008 3.34%
Inflation in 2015 0.03%