# €1 in 2005 → €0.98 in 2004

## Euro Inflation Calculator

### Euro Inflation Rate, €1 from 2005 to 2004

According to the European Central Bank consumer price index, prices in 2004 are 2.15% lower than average prices since 2005. The Euro experienced an average inflation rate of 2.20% per year during this period, meaning the real value of a euro decreased.

In other words, €1 in 2005 is equivalent in purchasing power to about €0.98 in 2004.

The 2004 inflation rate was 2.18%. The inflation rate in 2005 was 2.20%. The 2005 inflation rate is higher compared to the average inflation rate of 1.49% per year between 2005 and 2020.

 Average inflation rate 2.20% Converted amount (€1 base) €0.98 Price difference (€1 base) €-0.02 CPI in 2005 84.802 CPI in 2004 82.978 Inflation in 2004 2.18% Inflation in 2005 2.20%

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

### How to Calculate Inflation Rate for €1, 2004 to 2005

This inflation calculator uses the following inflation rate formula:

CPI in 2004CPI in 2005
×
2005 EUR value
=
2004 EUR value

Then plug in historical CPI values. The Euro CPI was 84.80166667 in the year 2005 and 82.97833333 in 2004:

82.9783333384.80166667
×
€1
=
€0.98

€1 in 2005 has the same "purchasing power" or "buying power" as €0.98 in 2004.

To get the total inflation rate for the 1 years between 2004 and 2005, we use the following formula:

CPI in 2004 - CPI in 2005CPI in 2005
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

82.97833333 - 84.8016666784.80166667
×
100
=
-2%

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

• Egyptian President Hosni Mubarak asks Parliament to amend Article 76 and orders constitutional changes in order to allow multi-candidate presidential elections.
• Syria's 29-year-long military domination of Lebanon ends, after it withdraws the last of its 14,000 troops under international pressure.
• A coordinated bomb attack hits London's public transport system, during the morning rush hour, killing 52 and injuring a further 700 people.
• Angela Merkel becomes first female Chancellor of Germany.

### 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 2005 → 2004 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Feb. 2020, https://www.officialdata.org/europe/inflation/2005?amount=1&endYear=2004.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

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.

 Average inflation rate 2.20% Converted amount (€1 base) €0.98 Price difference (€1 base) €-0.02 CPI in 2005 84.802 CPI in 2004 82.978 Inflation in 2004 2.18% Inflation in 2005 2.20%