Euro Inflation Calculator
Euro Inflation Rate, €100 in 2007 to 2019
According to the European Central Bank consumer price index, today's prices in 2019 are 17.78% higher than average prices throughout 2007. The euro experienced an average inflation rate of 1.37% per year during this period, meaning the real value of a dollar decreased.
In other words, €100 in 2007 is equivalent in purchasing power to about €117.78 in 2019, a difference of €17.78 over 12 years.
The 2007 inflation rate was 2.17%. The current inflation rate (2018 to 2019) is now 0.78%1. If this number holds, €100 today will be equivalent in buying power to €100.78 next year.
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| Cumulative price change | 17.78% |
| Average inflation rate | 1.37% |
| Converted amount (€100 base) | €117.78 |
| Price difference (€100 base) | €17.78 |
| CPI in 2007 | 88.548 |
| CPI in 2019 | 104.290 |
| Inflation in 2007 | 2.17% |
| Inflation in 2019 | 0.78% |
Buying power of €100 in 2007
This chart shows calculation of buying power equivalence, often referred to as "the value of a euro" over time for €100 in 2007 (price index tracking began in 1996).
According to the European Central Bank, each of these EUR amounts below is equal in terms of what it could buy at the time:
How to Calculate Inflation Rate for €100 since 2007
This inflation calculator uses the following inflation rate formula:
CPI in 2019CPI in 2007
×
2007 EUR value
=
2019 EUR value
Then plug in historical CPI values. The Euro CPI was 88.54833333 in the year 2007 and 104.29 in 2019:
104.2988.54833333
×
€100
=
€117.78
€100 in 2007 has the same "purchasing power" or "buying power" as €117.78 in 2019.
To get the total inflation rate for the 12 years between 2007 and 2019, we use the following formula:
CPI in 2019 - CPI in 2007CPI in 2007
×
100
=
Cumulative inflation rate (12 years)
Plugging in the values to this equation, we get:
104.29 - 88.5483333388.54833333
×
100
=
18%
News headlines from 2007
Politics and news often influence economic performance. Here's what was happening at the time:
- The British Army withdraws from Northern Ireland, marking the end of, operation Banner - the longest operation in British military history.
- The South Korean President enters North Korea, crossing the Military Demarcation Line, to the second Inter-Korean Summit with the leader of North Korea.
- Bulgaria and Romania join the European Union. Aside from Irish, languages of the two countries become official EU languages, amongst 20 others.
- Slovenia becomes the 13th Eurozone country, after adopting the Euro currency.
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: “2007 euros in 2019 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 12 Dec. 2019, https://www.officialdata.org/eu/inflation/2007.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 17.78% |
| Average inflation rate | 1.37% |
| Converted amount (€100 base) | €117.78 |
| Price difference (€100 base) | €17.78 |
| CPI in 2007 | 88.548 |
| CPI in 2019 | 104.290 |
| Inflation in 2007 | 2.17% |
| Inflation in 2019 | 0.78% |