# Euro inflation rate in 2003: 2.12%

## Euro Inflation Calculator

### Inflation since 2003 and its effect on euro value

The consumer price index (CPI) in 2003 was 81.21. It was 79.52583333 in the previous year. This change in CPI is used by the European Central Bank to calculate inflation.

According to the European Central Bank consumer price index, the euro experienced an average inflation rate of 1.62% per year. Prices in 2018 are 27.2% higher than prices in 2003.

In other words, €100 in 2003 is equivalent in purchasing power to €127.21 in 2018, a difference of €27.21 over 15 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 27.21% Average inflation rate 1.62% Converted amount (€100 base) €127.21 Price difference (€100 base) €27.21 CPI in 2003 81.21 CPI in 2018 103.31

### How to calculate the inflation rate for €100 since 2003

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2003 * 2003 EUR value = 2018 EUR value

Then plug in historical CPI values. The Euro CPI was 81.21 in the year 2003 and 103.31 in 2018:

103.31 / 81.21 * €100 = €127.21

€100 in 2003 has the same "purchasing power" or "buying power" as €127.21 in 2018.

Here are calculations of buying power over time for €100 in 2003 (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
2003 €100.00 2.12%
2004 €102.18 2.18%
2005 €104.42 2.20%
2006 €106.73 2.21%
2007 €109.04 2.17%
2008 €112.68 3.34%
2009 €113.04 0.32%
2010 €114.86 1.61%
2011 €117.99 2.72%
2012 €120.94 2.50%
2013 €122.57 1.35%
2014 €123.10 0.43%
2015 €123.14 0.03%
2016 €123.44 0.24%
2017 €125.33 1.54%
2018 €127.21 1.50%*
* Not final. See inflation summary for latest details.

### News headlines from 2003

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

• Despite a lack of support from the United Nations, a coalition lead by America and Britain invades Iraq.
• Baghdad falls, ending the invasion of Iraq.
• 10 new members are admitted to the European Union after signing the Treaty of Accession in Athens.

### 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: “Inflation Rate in 2003 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Jun. 2018, https://www.officialdata.org/Euro-inflation-rate-in-2003.