# €100 in 1997 → €114.37 in 2004

## Euro Inflation Calculator

### Euro Inflation Rate, €100 in 1997 to 2004

According to the European Central Bank consumer price index, the euro experienced an average inflation rate of 1.94% per year. Prices in 2004 are 14.4% higher than prices in 1997.

In other words, €100 in 1997 is equivalent in purchasing power to €114.37 in 2004, a difference of €14.37 over 7 years.

The inflation rate in 2004 was 2.18%.

 Cumulative price change 14.37% Average inflation rate 1.94% Converted amount (€100 base) €114.37 Price difference (€100 base) €14.37 CPI in 1997 72.555 CPI in 2004 82.97833333

### How to calculate the inflation rate for €100, 1997 to 2004

This inflation calculator uses the following inflation rate formula:

CPI in 2004 / CPI in 1997 * 1997 EUR value = 2004 EUR value

Then plug in historical CPI values. The Euro CPI was 72.555 in the year 1997 and 82.97833333 in 2004:

82.97833333 / 72.555 * €100 = €114.37

€100 in 1997 has the same "purchasing power" or "buying power" as €114.37 in 2004.

### News headlines from 1997

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

• Production, stockpiling and use of chemical weapons is outlawed as the Chemical Weapons Convention of 1993 comes into force.
• The British lease of the New Territories in Hong Kong expires.
• Diana, Princess of Wales, dies in a car crash in Paris,.
• Hong Kong begins slaughtering chickens to prevent bird flu,.

### Inflation Data Source

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: “1997 euros in 2004 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 14 Jun. 2018, https://www.officialdata.org/1997-euro-in-2004.