# Euro inflation rate in 2007: 2.17%

## Euro Inflation Calculator

### Inflation since 2007 and its effect on euro value

The consumer price index (CPI) in 2007 was 88.54833333. It was 86.67166667 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 1.41% per year. Prices in 2018 are 16.7% higher than prices in 2007.

In other words, €100 in 2007 is equivalent in purchasing power to €116.67 in 2018, a difference of €16.67 over 11 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 16.67% Average inflation rate 1.41% Converted amount (€100 base) €116.67 Price difference (€100 base) €16.67 CPI in 2007 88.54833333 CPI in 2018 103.31

### How to calculate the inflation rate for €100 since 2007

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2007 * 2007 EUR value = 2018 EUR value

Then plug in historical CPI values. The Euro CPI was 88.54833333 in the year 2007 and 103.31 in 2018:

103.31 / 88.54833333 * €100 = €116.67

€100 in 2007 has the same "purchasing power" or "buying power" as €116.67 in 2018.

Here are calculations of buying power over time for €100 in 2007 (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
2007 €100.00 2.17%
2008 €103.34 3.34%
2009 €103.67 0.32%
2010 €105.34 1.61%
2011 €108.21 2.72%
2012 €110.92 2.50%
2013 €112.41 1.35%
2014 €112.90 0.43%
2015 €112.93 0.03%
2016 €113.21 0.24%
2017 €114.94 1.54%
2018 €116.67 1.50%*
* Not final. See inflation summary for latest details.

### News headlines from 2007

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

• The British Army withdraws from Northern Ireland, marking the end of, operation Banner - the longest operation in British military history.
• The South Korean President enters North Korea, crossing the Military Demarcation Line, to the second Inter-Korean Summit with the leader of North Korea.
• Bulgaria and Romania join the European Union. Aside from Irish, languages of the two countries become official EU languages, amongst 20 others.
• Slovenia becomes the 13th Eurozone country, after adopting the Euro currency.

### 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 2007 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Jun. 2018, https://www.officialdata.org/Euro-inflation-rate-in-2007.