# €100 in 2008 → €113.08 in 2018

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### Euro Inflation Rate, €100 in 2008 to 2018

According to the European Central Bank consumer price index, prices in 2018 are 13.08% higher than average prices since 2008. The Euro experienced an average inflation rate of 1.24% per year during this period, meaning the real value of a euro decreased.

In other words, €100 in 2008 is equivalent in purchasing power to about €113.08 in 2018, a difference of €13.08 over 10 years.

The 2008 inflation rate was 3.34%. The inflation rate in 2018 was 1.67%. The 2018 inflation rate is higher compared to the average inflation rate of 1.14% per year between 2018 and 2020.

 Cumulative price change 13.08% Average inflation rate 1.24% Converted amount (€100 base) €113.08 Price difference (€100 base) €13.08 CPI in 2008 91.508 CPI in 2018 103.481 Inflation in 2008 3.34% Inflation in 2018 1.67%

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 €113.08 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €113.08 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 buys less over the past 10 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:

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.
Click to show 4 more rows

### How to Calculate Inflation Rate for €100, 2008 to 2018

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 2008
×
2008 EUR value
=
2018 EUR value

Then plug in historical CPI values. The Euro CPI was 91.50833333 in the year 2008 and 103.4809091 in 2018:

103.480909191.50833333
×
€100
=
€113.08

€100 in 2008 has the same "purchasing power" or "buying power" as €113.08 in 2018.

To get the total inflation rate for the 10 years between 2008 and 2018, we use the following formula:

CPI in 2018 - CPI in 2008CPI in 2008
×
100
=
Cumulative inflation rate (10 years)

Plugging in the values to this equation, we get:

103.4809091 - 91.5083333391.50833333
×
100
=
13%

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 2018 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 Jan. 2020, https://www.officialdata.org/2008-euro-in-2018.