# Euro inflation rate in 2008: 3.34%

## Euro Inflation Calculator

### Inflation since 2008 and its effect on euro value

The consumer price index (CPI) in 2008 was 91.50833333. It was 88.54833333 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 1.22% per year. Prices in 2018 are 12.9% higher than prices in 2008.

In other words, €100 in 2008 is equivalent in purchasing power to €112.90 in 2018, a difference of €12.90 over 10 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 12.90% Average inflation rate 1.22% Converted amount (€100 base) €112.90 Price difference (€100 base) €12.90 CPI in 2008 91.50833333 CPI in 2018 103.31

### How to calculate the inflation rate for €100 since 2008

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2008 * 2008 EUR value = 2018 EUR value

Then plug in historical CPI values. The Euro CPI was 91.50833333 in the year 2008 and 103.31 in 2018:

103.31 / 91.50833333 * €100 = €112.90

€100 in 2008 has the same "purchasing power" or "buying power" as €112.90 in 2018.

### Buying power of €100 since 2008

Below are calculations of buying power over time for €100 in 2008 (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
2008 €100.00 3.34%
2009 €100.32 0.32%
2010 €101.94 1.61%
2011 €104.71 2.72%
2012 €107.33 2.50%
2013 €108.78 1.35%
2014 €109.24 0.43%
2015 €109.28 0.03%
2016 €109.54 0.24%
2017 €111.23 1.54%
2018 €112.90 1.50%*
* Not final. See inflation summary for latest details.

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

• Black Monday: stock markets crash all over the globe, resulting in enormous drops in global stock markets and halts in trading.
• Fidel Castro retires as Cuban President due to ill health, after nearly 50 years in power.
• Barak Obama becomes the first African American to receive the presidential nomination of his party.

### Data Source & Citation

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 2008 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/Euro-inflation-rate-in-2008.