€1 in 2015 is worth €1.03 in 2018

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Value of €1 from 2015 to 2018

According to the European Central Bank consumer price index, prices in 2018 are 3.48% higher than average prices since 2015. 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, €1 in 2015 is equivalent in purchasing power to about €1.03 in 2018, a difference of €0.03 over 3 years.

The 2015 inflation rate was 0.03%. 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.


Inflation from 2015 to 2018
Cumulative price change 3.48%
Average inflation rate 1.15%
Converted amount (€1 base) €1.03
Price difference (€1 base) €0.03
CPI in 2015 100.000
CPI in 2018 103.481
Inflation in 2015 0.03%
Inflation in 2018 1.67%

EUR Inflation since 1996
Annual Rate, the European Central Bank CPI
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Buying power of €1 in 2015

This chart shows a calculation of buying power equivalence for €1 in 2015 (price index tracking began in 1996).

For example, if you started with €1, you would need to end with €1.03 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €1 is equivalent to €1.03 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 2015 dollars, the chart below shows how €1 is worth less over 3 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: 2015-2018
Year Euro Value Inflation Rate
2015 €1.00 0.03%
2016 €1.00 0.24%
2017 €1.02 1.54%
2018 €1.03 1.67%
2019 €1.04 0.78%
2020 €1.06 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2015 amounts in 2018 euros, based on the 3.48% change in prices:

Conversion Table: Value of a euro in 2018
Initial value Equivalent value
€1 euro in 2015 €1.03 euros in 2018
€5 euros in 2015 €5.17 euros in 2018
€10 euros in 2015 €10.35 euros in 2018
€50 euros in 2015 €51.74 euros in 2018
€100 euros in 2015 €103.48 euros in 2018
€500 euros in 2015 €517.40 euros in 2018
€1,000 euros in 2015 €1,034.81 euros in 2018
€5,000 euros in 2015 €5,174.05 euros in 2018
€10,000 euros in 2015 €10,348.09 euros in 2018
€50,000 euros in 2015 €51,740.45 euros in 2018
€100,000 euros in 2015 €103,480.91 euros in 2018
€500,000 euros in 2015 €517,404.55 euros in 2018
€1,000,000 euros in 2015 €1,034,809.09 euros in 2018

How to Calculate Inflation Rate for €1, 2015 to 2018

Our calculations use the following inflation rate formula to calculate the change in value between 2015 and 2018:

CPI in 2018 CPI in 2015
×
2015 EUR value
=
2018 EUR value

Then plug in historical CPI values. The Euro CPI was 100 in the year 2015 and 103.4809091 in 2018:

103.4809091100
×
€1
=
€1.03

€1 in 2015 has the same "purchasing power" or "buying power" as €1.03 in 2018.

To get the total inflation rate for the 3 years between 2015 and 2018, we use the following formula:

CPI in 2018 - CPI in 2015CPI in 2015
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

103.4809091 - 100100
×
100
=
3%

News headlines from 2015

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

  • Barack Obama and Raul Castro, hold the first meeting between Cuban and American leaders since the Cuban Revolution.
  • The population of India reaches 1 billion (officially). The billionth baby was named Astha Arora.
  • Donald Trump announces his intention to join the US presidential campaign.
  • China brings an end to its one child policy, 35 years after it was first introduced.

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 2015 → 2018 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 24 Sep. 2020, https://www.officialdata.org/2015-euro-in-2018?amount=1.

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 2015 to 2018
Cumulative price change 3.48%
Average inflation rate 1.15%
Converted amount (€1 base) €1.03
Price difference (€1 base) €0.03
CPI in 2015 100.000
CPI in 2018 103.481
Inflation in 2015 0.03%
Inflation in 2018 1.67%