€1 in 2000 is worth €1.23 in 2010

Value of €1 from 2000 to 2010

€1 in 2000 is equivalent in purchasing power to about €1.23 in 2010, an increase of €0.23 over 10 years. The euro had an average inflation rate of 2.08% per year between 2000 and 2010, producing a cumulative price increase of 22.85%.

This means that prices in 2010 are 1.23 times as high as average prices since 2000, according to the European Central Bank consumer price index.

The inflation rate in 2000 was 2.18%. The inflation rate in 2010 was 1.61%. The 2010 inflation rate is lower compared to the average inflation rate of 2.27% per year between 2010 and 2024.


Inflation from 2000 to 2010
Cumulative price change22.85%
Average inflation rate2.08%
Converted amount
€1 base
€1.23
Price difference
€1 base
€0.23
CPI in 200075.928
CPI in 201093.280
Inflation in 20002.18%
Inflation in 20101.61%
€1 in 2000€1.23 in 2010

EUR inflation since 2000
Annual Rate, the European Central Bank CPI
Download

Buying power of €1 in 2000

This chart shows a calculation of buying power equivalence for €1 in 2000 (price index tracking began in 1996).

For example, if you started with €1, you would need to end with €1.23 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €1 is equivalent to €1.23 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 2000 dollars, the chart below shows how €1 is worth less over 10 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: 2000-2010
YearEuro ValueInflation Rate
2000€1.002.18%
2001€1.022.41%
2002€1.052.27%
2003€1.072.12%
2004€1.092.18%
2005€1.122.20%
2006€1.142.21%
2007€1.172.17%
2008€1.213.34%
2009€1.210.32%
2010€1.231.61%
2011€1.262.72%
2012€1.292.50%
2013€1.311.35%
2014€1.320.43%
2015€1.320.03%
2016€1.320.25%
2017€1.341.71%
2018€1.371.89%
2019€1.391.47%
2020€1.400.74%
2021€1.442.90%
2022€1.579.19%
2023€1.676.28%
2024€1.680.76%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 4 more rows

This conversion table shows various other 2000 amounts in 2010 euros, based on the 22.85% change in prices:

Conversion: 2000 euros in 2010
Initial valueEquivalent value
€1 euro in 2000€1.23 euros in 2010
€5 euros in 2000€6.14 euros in 2010
€10 euros in 2000€12.29 euros in 2010
€50 euros in 2000€61.43 euros in 2010
€100 euros in 2000€122.85 euros in 2010
€500 euros in 2000€614.27 euros in 2010
€1,000 euros in 2000€1,228.54 euros in 2010
€5,000 euros in 2000€6,142.70 euros in 2010
€10,000 euros in 2000€12,285.40 euros in 2010
€50,000 euros in 2000€61,427.02 euros in 2010
€100,000 euros in 2000€122,854.04 euros in 2010
€500,000 euros in 2000€614,270.19 euros in 2010
€1,000,000 euros in 2000€1,228,540.38 euros in 2010

How to calculate inflation rate for €1, 2000 to 2010

Our calculations use the following inflation rate formula to calculate the change in value between 2000 and 2010:

CPI in 2010 CPI in 2000
×
2000 EUR value
=
2010 EUR value

Then plug in historical CPI values. The Euro CPI was 75.9275 in the year 2000 and 93.28 in 2010:

93.2875.9275
×
€1
=
€1.23

€1 in 2000 has the same "purchasing power" or "buying power" as €1.23 in 2010.

To get the total inflation rate for the 10 years between 2000 and 2010, we use the following formula:

CPI in 2010 - CPI in 2000CPI in 2000
×
100
=
Cumulative inflation rate (10 years)

Plugging in the values to this equation, we get:

93.28 - 75.927575.9275
×
100
=
23%

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 2000 → 2010 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/europe/inflation/2000?amount=1&endYear=2010.

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 2000 to 2010
Cumulative price change22.85%
Average inflation rate2.08%
Converted amount
€1 base
€1.23
Price difference
€1 base
€0.23
CPI in 200075.928
CPI in 201093.280
Inflation in 20002.18%
Inflation in 20101.61%
€1 in 2000€1.23 in 2010