€100 in 1998 → €112.98 in 2004

Euro Inflation Calculator

Euro Inflation Rate, €100 in 1998 to 2004

According to the European Central Bank consumer price index, the euro experienced an average inflation rate of 2.05% per year. Prices in 2004 are 13.0% higher than prices in 1998.

In other words, €100 in 1998 is equivalent in purchasing power to €112.98 in 2004, a difference of €12.98 over 6 years.

The inflation rate in 2004 was 2.18%.

Inflation from 1998 to 2004
Cumulative price change 12.98%
Average inflation rate 2.05%
Converted amount (€100 base) €112.98
Price difference (€100 base) €12.98
CPI in 1998 73.445
CPI in 2004 82.97833333

Euro inflation chart from 1996 to 2017

How to calculate the inflation rate for €100, 1998 to 2004

This inflation calculator uses the following inflation rate formula:

CPI in 2004 / CPI in 1998 * 1998 EUR value = 2004 EUR value

Then plug in historical CPI values. The Euro CPI was 73.445 in the year 1998 and 82.97833333 in 2004:

82.97833333 / 73.445 * €100 = €112.98

€100 in 1998 has the same "purchasing power" or "buying power" as €112.98 in 2004.

News headlines from 1998

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

  • Osama Bin Laden declares a Jihad against Jews and Crusaders.
  • The Good Friday Agreement is accepted in a referendum in Northern Ireland.
  • President of the US Bill Clinton admits that he had an "improper physical relationship" with an intern and then denied it in the same day. The event has come to be known as the Monica Lewinsky scandal.

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: “1998 euros in 2004 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Jun. 2018, https://www.officialdata.org/1998-euro-in-2004.

» Read more about inflation.