Euro inflation rate in 2016: 0.24%

Euro Inflation Calculator

Inflation since 2016 and its effect on euro value

The consumer price index (CPI) in 2016 was 100.2416667. It was 100 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 1.52% per year. Prices in 2018 are 3.1% higher than prices in 2016.

In other words, €100 in 2016 is equivalent in purchasing power to €103.06 in 2018, a difference of €3.06 over 2 years.

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

Inflation from 2016 to 2018
Cumulative price change 3.06%
Average inflation rate 1.52%
Converted amount (€100 base) €103.06
Price difference (€100 base) €3.06
CPI in 2016 100.2416667
CPI in 2018 103.31

Euro inflation chart from 1996 to 2017

How to calculate the inflation rate for €100 since 2016

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2016 * 2016 EUR value = 2018 EUR value

Then plug in historical CPI values. The Euro CPI was 100.2416667 in the year 2016 and 103.31 in 2018:

103.31 / 100.2416667 * €100 = €103.06

€100 in 2016 has the same "purchasing power" or "buying power" as €103.06 in 2018.

Buying power of €100 since 2016

Below are calculations of buying power over time for €100 in 2016 (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
2016 €100.00 0.24%
2017 €101.54 1.54%
2018 €103.06 1.50%*
* Not final. See inflation summary for latest details.

News headlines from 2016

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

  • The United Kingdom votes to leave the European Union in a referendum, prompting Prime Minister David Cameron to resign.
  • Donald Trump becomes the 45th President of the United States.
  • The World Health Organisation confirms the outbreak of the Zika virus.
  • Andrei Karlov, the Russian ambassador to Turkey, is assassinated.

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 2016 | Euro Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018,

» Read more about inflation.