Euro inflation rate in 2020: 1.50%

Inflation in 2020 and its effect on euro value

Purchasing power decreased by 1.50% in 2020 compared to 2019. On average, you would have to spend 1.50% more money in 2020 than in 2019 for the same item.

In other words, €1 in 2019 is equivalent in purchasing power to about €1.01 in 2020.

The 2019 inflation rate was 0.78%. The current year-over-year inflation rate (2019 to 2020) is now 1.50%1. If this number holds, €1 today will be equivalent in buying power to €1.01 next year.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2020 is 105.85. It was 104.29 in the previous year, 2019. The difference in CPI between the years is used by the European Central Bank to officially determine inflation.


Inflation from 2019 to 2020
Average inflation rate 1.50%
Converted amount (€1 base) €1.01
Price difference (€1 base) €0.01
CPI in 2019 104.290
CPI in 2020 105.850
Inflation in 2019 0.78%
Inflation in 2020 1.50%

EUR Inflation since 1996
Annual Rate, the European Central Bank CPI
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How to Calculate Inflation Rate for €1 since 2019

Our calculations use the following inflation rate formula to calculate the change in value between 2019 and today:

CPI today CPI in 2019
×
2019 EUR value
=
Today's value

Then plug in historical CPI values. The Euro CPI was 104.29 in the year 2019 and 105.85 in 2020:

105.85104.29
×
€1
=
€1.01

€1 in 2019 has the same "purchasing power" or "buying power" as €1.01 in 2020.

To get the total inflation rate for the 1 years between 2019 and 2020, we use the following formula:

CPI in 2020 - CPI in 2019CPI in 2019
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

105.85 - 104.29104.29
×
100
=
1%

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: “Inflation Rate in 2020 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 18 Sep. 2020, https://www.officialdata.org/Euro-inflation-rate-in-2020.

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 2019 to 2020
Average inflation rate 1.50%
Converted amount (€1 base) €1.01
Price difference (€1 base) €0.01
CPI in 2019 104.290
CPI in 2020 105.850
Inflation in 2019 0.78%
Inflation in 2020 1.50%