According to the European Central Bank consumer price index, the euro experienced an average inflation rate of 2.30% per year. Prices in 2001 are 4.7% higher than prices in 1999.
In other words, €100 in 1999 is equivalent in purchasing power to €104.65 in 2001, a difference of €4.65 over 2 years.
The inflation rate in 2001 was 2.41%.
|Cumulative price change||4.65%|
|Average inflation rate||2.30%|
|Converted amount (€100 base)||€104.65|
|Price difference (€100 base)||€4.65|
|CPI in 1999||74.30416667|
|CPI in 2001||77.76|
This inflation calculator uses the following inflation rate formula:
CPI in 2001 / CPI in 1999 * 1999 EUR value = 2001 EUR value
Then plug in historical CPI values. The Euro CPI was 74.30416667 in the year 1999 and 77.76 in 2001:
77.76 / 74.30416667 * €100 = €104.65
€100 in 1999 has the same "purchasing power" or "buying power" as €104.65 in 2001.
Politics and news often influence economic performance. Here's what was happening at the time:
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: “1999 euros in 2001 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1999-euro-in-2001.