€100 in 2016 is worth €103.23 in 2018

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Value of €100 from 2016 to 2018

According to the European Central Bank consumer price index, prices in 2018 are 3.23% higher than average prices since 2016. The Euro experienced an average inflation rate of 1.60% per year during this period, causing the real value of a euro to decrease.

In other words, €100 in 2016 is equivalent in purchasing power to about €103.23 in 2018, a difference of €3.23 over 2 years.

The 2016 inflation rate was 0.24%. 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 2016 to 2018
Cumulative price change 3.23%
Average inflation rate 1.60%
Converted amount (€100 base) €103.23
Price difference (€100 base) €3.23
CPI in 2016 100.242
CPI in 2018 103.481
Inflation in 2016 0.24%
Inflation in 2018 1.67%

EUR Inflation since 1996
Annual Rate, the European Central Bank CPI
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Buying power of €100 in 2016

This chart shows a calculation of buying power equivalence for €100 in 2016 (price index tracking began in 1996).

For example, if you started with €100, you would need to end with €103.23 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €103.23 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 2016 dollars, the chart below shows how €100 is worth less over 2 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: 2016-2018
Year Euro Value Inflation Rate
2016 €100.00 0.24%
2017 €101.54 1.54%
2018 €103.23 1.67%
2019 €104.04 0.78%
2020 €105.59 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2016 amounts in 2018 euros, based on the 3.23% change in prices:

Conversion Table: Value of a euro in 2018
Initial value Equivalent value
€1 euro in 2016 €1.03 euros in 2018
€5 euros in 2016 €5.16 euros in 2018
€10 euros in 2016 €10.32 euros in 2018
€50 euros in 2016 €51.62 euros in 2018
€100 euros in 2016 €103.23 euros in 2018
€500 euros in 2016 €516.16 euros in 2018
€1,000 euros in 2016 €1,032.31 euros in 2018
€5,000 euros in 2016 €5,161.57 euros in 2018
€10,000 euros in 2016 €10,323.14 euros in 2018
€50,000 euros in 2016 €51,615.72 euros in 2018
€100,000 euros in 2016 €103,231.43 euros in 2018
€500,000 euros in 2016 €516,157.17 euros in 2018
€1,000,000 euros in 2016 €1,032,314.33 euros in 2018

How to Calculate Inflation Rate for €100, 2016 to 2018

Our calculations use the following inflation rate formula to calculate the change in value between 2016 and 2018:

CPI in 2018 CPI in 2016
×
2016 EUR value
=
2018 EUR value

Then plug in historical CPI values. The Euro CPI was 100.2416667 in the year 2016 and 103.4809091 in 2018:

103.4809091100.2416667
×
€100
=
€103.23

€100 in 2016 has the same "purchasing power" or "buying power" as €103.23 in 2018.

To get the total inflation rate for the 2 years between 2016 and 2018, we use the following formula:

CPI in 2018 - CPI in 2016CPI in 2016
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

103.4809091 - 100.2416667100.2416667
×
100
=
3%

News headlines from 2016

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

  • The United Kingdom votes to leave the European Union in a referendum, prompting Prime Minister David Cameron to resign.
  • Donald Trump becomes the 45th President of the United States.
  • The World Health Organisation confirms the outbreak of the Zika virus.
  • Andrei Karlov, the Russian ambassador to Turkey, is assassinated.

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: “2016 euros in 2018 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 2 Jun. 2020, https://www.officialdata.org/2016-euro-in-2018.

Special thanks to QuickChart for providing downloadable chart images.

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 2016 to 2018
Cumulative price change 3.23%
Average inflation rate 1.60%
Converted amount (€100 base) €103.23
Price difference (€100 base) €3.23
CPI in 2016 100.242
CPI in 2018 103.481
Inflation in 2016 0.24%
Inflation in 2018 1.67%