The consumer price index (CPI) in 2004 was 82.97833333. It was 81.21 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 1.58% 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|
|Year||EUR Value||Inflation Rate|
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: “Inflation Rate in 2004 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 14 Jun. 2018, https://www.officialdata.org/Euro-inflation-rate-in-2004.