According to the European Central Bank consumer price index, the euro experienced an average inflation rate of 1.58% per year. Prices in 2018 are 24.5% higher than prices in 2004.

In other words, €100 in 2004 is equivalent in purchasing power to €124.50 in 2018, a difference of €24.50 over 14 years.

The current inflation rate is now 1.50%^{1}. If this number holds, €100 today will be equivalent to €101.50 next year.

Cumulative price change | 24.50% |

Average inflation rate | 1.58% |

Converted amount (€100 base) | €124.50 |

Price difference (€100 base) | €24.50 |

CPI in 2004 | 82.97833333 |

CPI in 2018 | 103.31 |

CPI in 2018 / CPI in 2004 * 2004 EUR value = 2018 EUR value

Then plug in historical CPI values. The Euro CPI was 82.97833333 in the year 2004 and 103.31 in 2018:

103.31 / 82.97833333 * €100 =

€100 in 2004 has the same "purchasing power" or "buying power" as €124.50 in 2018.

Here are calculations of buying power over time for €100 in 2004 (price index tracking began in 1996). Each of these EUR amounts below is equivalent in terms of what it could buy at the time:

Year | EUR Value | Inflation Rate |
---|---|---|

2004 | €100.00 | 2.18% |

2005 | €102.20 | 2.20% |

2006 | €104.45 | 2.21% |

2007 | €106.71 | 2.17% |

2008 | €110.28 | 3.34% |

2009 | €110.63 | 0.32% |

2010 | €112.41 | 1.61% |

2011 | €115.48 | 2.72% |

2012 | €118.36 | 2.50% |

2013 | €119.96 | 1.35% |

2014 | €120.47 | 0.43% |

2015 | €120.51 | 0.03% |

2016 | €120.80 | 0.24% |

2017 | €122.66 | 1.54% |

2018 | €124.50 | 1.50%* |

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

- The Humanitarian Ceasefire Agreement is signed by the Sudanese government and two rebel groups.
- Massachusetts becomes the first United States state to legalize same-sex marriage.
- The Indonesian elections are won by Susilo Bambang Yudhoyono.

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