The cumulative inflation rate in the Eurozone between 1997 and 2017 was 40.56%, meaning that overall prices were 1.41 times higher than they were in 1997. In other words, the purchasing power of €100 in 1997 was equivalent to €140.56 in 2017. The average annual inflation rate over this period was 1.72%.
The chart below shows how the value of €100 changes over time when adjusted for inflation, based on Consumer Price Index (CPI) data. All values are equivalent in terms of purchasing power, indicating how much money would be needed each year to buy the same goods or services.
All calculations are performed in euro with six-decimal precision, though displayed values are rounded to two decimals for readability. Inflation figures are sourced from official government and international reports released monthly.
The following table contains relevant indicators:
| Indicator | Value |
|---|---|
| Cumulative inflation from 1997 to 2017 | 40.56% |
| Avg. Annual inflation from 1997 to 2017 | 1.72% |
| CPI 1997 | 72.4 |
| CPI 2017 | 101.77 |
There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.
When we have both the start and end years, we can use the following formula:
To obtain the values equivalent in buying power between 1997 and 2017, use the corresponding CPI values:
Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:
In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are €100 worth today. There are 20 years between 1997 and 2017 and the average inflation rate was 1.717%. Therefore, we can resolve the formula like this:
| Initial Value | Equivalent value | |
|---|---|---|
| €1 euro in 1997 | → | €1.41 euro in 2017 |
| €5 euro in 1997 | → | €7.03 euro in 2017 |
| €10 euro in 1997 | → | €14.06 euro in 2017 |
| €50 euro in 1997 | → | €70.28 euro in 2017 |
| €100 euro in 1997 | → | €140.56 euro in 2017 |
| €500 euro in 1997 | → | €702.82 euro in 2017 |
| €1,000 euro in 1997 | → | €1,405.64 euro in 2017 |
| €5,000 euro in 1997 | → | €7,028.19 euro in 2017 |
| €10,000 euro in 1997 | → | €14,056.38 euro in 2017 |
| €50,000 euro in 1997 | → | €70,281.91 euro in 2017 |
| €100,000 euro in 1997 | → | €140,563.81 euro in 2017 |
| €500,000 euro in 1997 | → | €702,819.07 euro in 2017 |
| €1,000,000 euro in 1997 | → | €1,405,638.13 euro in 2017 |
| Cumulative inflation 1997-2017 | 40.56% |
| Avg. annual inflation 1997-2017 | 1.72% |
| CPI 1997 | 72.4 |
| CPI 2017 | 101.77 |
| Period | Value |
|---|---|
| 1997 | 100 |
| 1998 | 101.22 |
| 1999 | 102.41 |
| 2000 | 104.65 |
| 2001 | 107.19 |
| 2002 | 109.63 |
| 2003 | 111.95 |
| 2004 | 114.39 |
| 2005 | 116.9 |
| 2006 | 119.49 |
| 2007 | 122.08 |
| 2008 | 126.17 |
| 2009 | 126.6 |
| 2010 | 128.63 |
| 2011 | 132.12 |
| 2012 | 135.44 |
| 2013 | 137.28 |
| 2014 | 137.86 |
| 2015 | 138.12 |
| 2016 | 138.44 |
| 2017 | 140.56 |
All available years
Today's value of euro by year:
1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Other currencies: