# €100 in 2003 is worth €157.33 today

## The Euro has lost 36% of its value since 2003

Updated: September 11, 2024

€100 in 2003 is equivalent in purchasing power to about €157.33 today, an increase of €57.33 over 21 years. The euro had an average inflation rate of 2.18% per year between 2003 and today, producing a cumulative price increase of 57.33%.

This means that today's prices are 1.57 times as high as average prices since 2003, according to the European Central Bank consumer price index. A euro today only buys 63.561% of what it could buy back then.

The inflation rate in 2003 was 2.12%. The current inflation rate compared to the end of last year is now 0.76%. If this number holds, €100 today will be equivalent in buying power to €100.76 next year.

 Cumulative price change 57.33% Average inflation rate 2.18% Converted amount€100 base €157.33 Price difference€100 base €57.33 CPI in 2003 81.210 CPI in 2024 127.770 Inflation in 2003 2.12% Inflation in 2024 0.76% €100 in 2003 €157.33 in 2024

EUR inflation since 2003
Annual Rate, the European Central Bank CPI

## Buying power of €100 in 2003

This chart shows a calculation of buying power equivalence for €100 in 2003 (price index tracking began in 1996).

For example, if you started with €100, you would need to end with €157.33 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €100 is equivalent to €157.33 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 2003 dollars, the chart below shows how €100 is worth less over 21 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: 2003-2024
YearEuro ValueInflation Rate
2003€100.002.12%
2004€102.182.18%
2005€104.422.20%
2006€106.732.21%
2007€109.042.17%
2008€112.683.34%
2009€113.040.32%
2010€114.861.61%
2011€117.992.72%
2012€120.942.50%
2013€122.571.35%
2014€123.100.43%
2015€123.140.03%
2016€123.440.25%
2017€125.561.71%
2018€127.931.89%
2019€129.811.47%
2020€130.770.74%
2021€134.562.90%
2022€146.939.19%
2023€156.156.28%
2024€157.330.76%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 15 more rows

This conversion table shows various other 2003 amounts in today's euros, based on the 57.33% change in prices:

Conversion: 2003 euros today
Initial valueEquivalent value
€1 euro in 2003€1.57 euros today
€5 euros in 2003€7.87 euros today
€10 euros in 2003€15.73 euros today
€50 euros in 2003€78.67 euros today
€100 euros in 2003€157.33 euros today
€500 euros in 2003€786.66 euros today
€1,000 euros in 2003€1,573.33 euros today
€5,000 euros in 2003€7,866.64 euros today
€10,000 euros in 2003€15,733.28 euros today
€50,000 euros in 2003€78,666.42 euros today
€100,000 euros in 2003€157,332.84 euros today
€500,000 euros in 2003€786,664.20 euros today
€1,000,000 euros in 2003€1,573,328.41 euros today

## How to calculate inflation rate for €100 since 2003

Our calculations use the following inflation rate formula to calculate the change in value between 2003 and today:

CPI today CPI in 2003
×
2003 EUR value
=
Today's value

Then plug in historical CPI values. The Euro CPI was 81.21 in the year 2003 and 127.77 in 2024:

127.7781.21
×
€100
=
€157.33

€100 in 2003 has the same "purchasing power" or "buying power" as €157.33 in 2024.

To get the total inflation rate for the 21 years between 2003 and 2024, we use the following formula:

CPI in 2024 - CPI in 2003CPI in 2003
×
100
=
Cumulative inflation rate (21 years)

Plugging in the values to this equation, we get:

127.77 - 81.2181.21
×
100
=
57%

## 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 2003 Euros today | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 12 Sep. 2024, https://www.officialdata.org/europe/inflation/2003.

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.

#### 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.

 Cumulative price change 57.33% Average inflation rate 2.18% Converted amount€100 base €157.33 Price difference€100 base €57.33 CPI in 2003 81.210 CPI in 2024 127.770 Inflation in 2003 2.12% Inflation in 2024 0.76% €100 in 2003 €157.33 in 2024