# €1 in 2015 is worth €1.06 in 2020

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## Value of €1 from 2015 to 2020

€1 in 2015 is equivalent in purchasing power to about €1.06 in 2020, an increase of €0.06 over 5 years. The euro had an average inflation rate of 1.21% per year between 2015 and 2020, producing a cumulative price increase of 6.20%.

This means that prices in 2020 are 1.06 times higher than average prices since 2015, according to the European Central Bank consumer price index.

The inflation rate in 2015 was 0.03%. The inflation rate in 2020 was 0.74%. The 2020 inflation rate is lower compared to the average inflation rate of 2.48% per year between 2020 and 2022.

 Cumulative price change 6.20% Average inflation rate 1.21% Converted amount (€1 base) €1.06 Price difference (€1 base) €0.06 CPI in 2015 100.000 CPI in 2020 106.201 Inflation in 2015 0.03% Inflation in 2020 0.74% €1 in 2015 €1.06 in 2020

EUR inflation since 2015
Annual Rate, the European Central Bank CPI

## Buying power of €1 in 2015

This chart shows a calculation of buying power equivalence for €1 in 2015 (price index tracking began in 1996).

For example, if you started with €1, you would need to end with €1.06 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €1 is equivalent to €1.06 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 2015 dollars, the chart below shows how €1 is worth less over 5 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: 2015-2020
Year Euro Value Inflation Rate
2015 €1.00 0.03%
2016 €1.00 0.25%
2017 €1.02 1.71%
2018 €1.04 1.89%
2019 €1.05 1.47%
2020 €1.06 0.74%
2021 €1.09 2.66%
2022 €1.12 2.30%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2015 amounts in 2020 euros, based on the 6.20% change in prices:

Conversion: 2015 euros in 2020
Initial value Equivalent value
€1 euro in 2015 €1.06 euros in 2020
€5 euros in 2015 €5.31 euros in 2020
€10 euros in 2015 €10.62 euros in 2020
€50 euros in 2015 €53.10 euros in 2020
€100 euros in 2015 €106.20 euros in 2020
€500 euros in 2015 €531.00 euros in 2020
€1,000 euros in 2015 €1,062.01 euros in 2020
€5,000 euros in 2015 €5,310.04 euros in 2020
€10,000 euros in 2015 €10,620.08 euros in 2020
€50,000 euros in 2015 €53,100.42 euros in 2020
€100,000 euros in 2015 €106,200.83 euros in 2020
€500,000 euros in 2015 €531,004.17 euros in 2020
€1,000,000 euros in 2015 €1,062,008.33 euros in 2020

## How to calculate inflation rate for €1, 2015 to 2020

Our calculations use the following inflation rate formula to calculate the change in value between 2015 and 2020:

CPI in 2020 CPI in 2015
×
2015 EUR value
=
2020 EUR value

Then plug in historical CPI values. The Euro CPI was 100 in the year 2015 and 106.2008333 in 2020:

106.2008333100
×
€1
=
€1.06

€1 in 2015 has the same "purchasing power" or "buying power" as €1.06 in 2020.

To get the total inflation rate for the 5 years between 2015 and 2020, we use the following formula:

CPI in 2020 - CPI in 2015CPI in 2015
×
100
=
Cumulative inflation rate (5 years)

Plugging in the values to this equation, we get:

106.2008333 - 100100
×
100
=
6%

## 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 2015 → 2020 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Jun. 2022, https://www.officialdata.org/europe/inflation/2015?amount=1&endYear=2020.

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.