# €100 in 2017 is worth €104.00 today

## Why a euro today is worth only 96% of a euro in 2017

Updated: May 12, 2020

According to the European Central Bank consumer price index, today's prices in 2020 are 4.00% higher than average prices since 2017. This means that a euro today only buys 96.15% of what it could buy in 2017. The Euro experienced an average inflation rate of 1.32% per year during this period, causing the real value of a euro to decrease.

In other words, €100 in 2017 is equivalent in purchasing power to about €104.00 in 2020, a difference of €4.00 over 3 years.

The 2017 inflation rate was 1.54%. The current year-over-year inflation rate (2019 to 2020) is now 1.50%1. If this number holds, €100 today will be equivalent in buying power to €101.50 next year.

 Cumulative price change 4.00% Average inflation rate 1.32% Converted amount (€100 base) €104.00 Price difference (€100 base) €4.00 CPI in 2017 101.782 CPI in 2020 105.850 Inflation in 2017 1.54% Inflation in 2020 1.50%

EUR Inflation since 1996
Annual Rate, the European Central Bank CPI

## Buying power of €100 in 2017

This chart shows a calculation of buying power equivalence for €100 in 2017 (price index tracking began in 1996).

For example, if you started with €100, you would need to end with €104.00 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €104.00 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 2017 dollars, the chart below shows how €100 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: 2017-2020
Year Euro Value Inflation Rate
2017 €100.00 1.54%
2018 €101.67 1.67%
2019 €102.46 0.78%
2020 €104.00 1.50%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2017 amounts in today's euros, based on the 4.00% change in prices:

Conversion Table: Value of a euro today
Initial value Equivalent value
€1 euro in 2017 €1.04 euros today
€5 euros in 2017 €5.20 euros today
€10 euros in 2017 €10.40 euros today
€50 euros in 2017 €52.00 euros today
€100 euros in 2017 €104.00 euros today
€500 euros in 2017 €519.99 euros today
€1,000 euros in 2017 €1,039.97 euros today
€5,000 euros in 2017 €5,199.86 euros today
€10,000 euros in 2017 €10,399.71 euros today
€50,000 euros in 2017 €51,998.56 euros today
€100,000 euros in 2017 €103,997.12 euros today
€500,000 euros in 2017 €519,985.59 euros today
€1,000,000 euros in 2017 €1,039,971.18 euros today

## How to Calculate Inflation Rate for €100 since 2017

Our calculations use the following inflation rate formula to calculate the change in value between 2017 and today:

CPI today CPI in 2017
×
2017 EUR value
=
Today's value

Then plug in historical CPI values. The Euro CPI was 101.7816667 in the year 2017 and 105.85 in 2020:

105.85101.7816667
×
€100
=
€104.00

€100 in 2017 has the same "purchasing power" or "buying power" as €104.00 in 2020.

To get the total inflation rate for the 3 years between 2017 and 2020, we use the following formula:

CPI in 2020 - CPI in 2017CPI in 2017
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

105.85 - 101.7816667101.7816667
×
100
=
4%

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

• Donald Trump sworn in as the 45th president of the United States.
• Hurricanes Harvey and Irma strike southeast Texas and Florida, causing extensive flooding and damage.
• Gunman kills 58 people at a Las Vegas concert, making it the deadliest mass shooting in modern U.S. history.
• North Korea tests a hydrogen bomb and over a dozen ballistic missiles amidst soaring tensions with the U.S.

## 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: “Value of 2017 euros today | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 May. 2020, https://www.officialdata.org/eu/inflation/2017.