# €100 in 2008 is worth €109.54 in 2016

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## Value of €100 from 2008 to 2016

According to the European Central Bank consumer price index, prices in 2016 are 9.54% higher than average prices since 2008. The Euro experienced an average inflation rate of 1.15% 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 €109.54 in 2016, a difference of €9.54 over 8 years.

The 2008 inflation rate was 3.34%. The inflation rate in 2016 was 0.24%. The 2016 inflation rate is lower compared to the average inflation rate of 1.37% per year between 2016 and 2020.

 Cumulative price change 9.54% Average inflation rate 1.15% Converted amount (€100 base) €109.54 Price difference (€100 base) €9.54 CPI in 2008 91.508 CPI in 2016 100.242 Inflation in 2008 3.34% Inflation in 2016 0.24%

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

## 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 €109.54 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €109.54 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 8 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: 2008-2016
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 2016 euros, based on the 9.54% change in prices:

Conversion Table: Value of a euro in 2016
Initial value Equivalent value
€1 euro in 2008 €1.10 euros in 2016
€5 euros in 2008 €5.48 euros in 2016
€10 euros in 2008 €10.95 euros in 2016
€50 euros in 2008 €54.77 euros in 2016
€100 euros in 2008 €109.54 euros in 2016
€500 euros in 2008 €547.72 euros in 2016
€1,000 euros in 2008 €1,095.44 euros in 2016
€5,000 euros in 2008 €5,477.19 euros in 2016
€10,000 euros in 2008 €10,954.38 euros in 2016
€50,000 euros in 2008 €54,771.88 euros in 2016
€100,000 euros in 2008 €109,543.76 euros in 2016
€500,000 euros in 2008 €547,718.79 euros in 2016
€1,000,000 euros in 2008 €1,095,437.57 euros in 2016

## How to Calculate Inflation Rate for €100, 2008 to 2016

Our calculations use the following inflation rate formula to calculate the change in value between 2008 and 2016:

CPI in 2016 CPI in 2008
×
2008 EUR value
=
2016 EUR value

Then plug in historical CPI values. The Euro CPI was 91.50833333 in the year 2008 and 100.2416667 in 2016:

100.241666791.50833333
×
€100
=
€109.54

€100 in 2008 has the same "purchasing power" or "buying power" as €109.54 in 2016.

To get the total inflation rate for the 8 years between 2008 and 2016, we use the following formula:

CPI in 2016 - CPI in 2008CPI in 2008
×
100
=
Cumulative inflation rate (8 years)

Plugging in the values to this equation, we get:

100.2416667 - 91.5083333391.50833333
×
100
=
10%

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 2016 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 2 Jun. 2020, https://www.officialdata.org/2008-euro-in-2016.