# €1 in 1999 is worth €1.43 today

## Value of €1 from 1999 to 2021

€1 in 1999 is equivalent in purchasing power to about €1.43 today, an increase of €0.43 over 22 years. The euro had an average inflation rate of 1.65% per year between 1999 and today, producing a cumulative price increase of 43.37%.

This means that today's prices are 1.43 times higher than average prices since 1999, according to the European Central Bank consumer price index. A euro today only buys 69.93% of what it could buy back then.

The 1999 inflation rate was 1.17%. The current year-over-year inflation rate (2020 to 2021) is now 1.40%1. If this number holds, €1 today will be equivalent in buying power to €1.01 next year.

 Cumulative price change 43.37% Average inflation rate 1.65% Converted amount (€1 base) €1.43 Price difference (€1 base) €0.43 CPI in 1999 74.304 CPI in 2021 106.530 Inflation in 1999 1.17% Inflation in 2021 1.40% €1 in 1999 €1.43 in 2021

EUR Inflation since 1996
Annual Rate, the European Central Bank CPI

## Buying power of €1 in 1999

This chart shows a calculation of buying power equivalence for €1 in 1999 (price index tracking began in 1996).

For example, if you started with €1, you would need to end with €1.43 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €1 is equivalent to €1.43 over time, that means that the "real value" of a single Euro euro decreases over time. In other words, a euro will pay for fewer items at the store.

This effect explains how inflation erodes the value of a euro over time. By calculating the value in 1999 dollars, the chart below shows how €1 is worth less over 22 years.

According to the European Central Bank, each of these EUR amounts below is equal in terms of what it could buy at the time:

Euro inflation: 1999-2021
Year Euro Value Inflation Rate
1999 €1.00 1.17%
2000 €1.02 2.18%
2001 €1.05 2.41%
2002 €1.07 2.27%
2003 €1.09 2.12%
2004 €1.12 2.18%
2005 €1.14 2.20%
2006 €1.17 2.21%
2007 €1.19 2.17%
2008 €1.23 3.34%
2009 €1.24 0.32%
2010 €1.26 1.61%
2011 €1.29 2.72%
2012 €1.32 2.50%
2013 €1.34 1.35%
2014 €1.35 0.43%
2015 €1.35 0.03%
2016 €1.35 0.24%
2017 €1.37 1.53%
2018 €1.39 1.75%
2019 €1.41 1.20%
2020 €1.41 0.25%
2021 €1.43 1.40%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 16 more rows

This conversion table shows various other 1999 amounts in today's euros, based on the 43.37% change in prices:

Conversion: 1999 euros today
Initial value Equivalent value
€1 euro in 1999 €1.43 euros today
€5 euros in 1999 €7.17 euros today
€10 euros in 1999 €14.34 euros today
€50 euros in 1999 €71.69 euros today
€100 euros in 1999 €143.37 euros today
€500 euros in 1999 €716.85 euros today
€1,000 euros in 1999 €1,433.70 euros today
€5,000 euros in 1999 €7,168.51 euros today
€10,000 euros in 1999 €14,337.02 euros today
€50,000 euros in 1999 €71,685.08 euros today
€100,000 euros in 1999 €143,370.16 euros today
€500,000 euros in 1999 €716,850.78 euros today
€1,000,000 euros in 1999 €1,433,701.56 euros today

## How to Calculate Inflation Rate for €1 since 1999

Our calculations use the following inflation rate formula to calculate the change in value between 1999 and today:

CPI today CPI in 1999
×
1999 EUR value
=
Today's value

Then plug in historical CPI values. The Euro CPI was 74.30416667 in the year 1999 and 106.53 in 2021:

106.5374.30416667
×
€1
=
€1.43

€1 in 1999 has the same "purchasing power" or "buying power" as €1.43 in 2021.

To get the total inflation rate for the 22 years between 1999 and 2021, we use the following formula:

CPI in 2021 - CPI in 1999CPI in 1999
×
100
=
Cumulative inflation rate (22 years)

Plugging in the values to this equation, we get:

106.53 - 74.3041666774.30416667
×
100
=
43%

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

• NATO begins its bombardment of Yugoslavia in the Kosovo War marking the first time NATO attacked a sovereign country.
• 13 killed, 24 injured in the Columbine High School Massacre.
• Slobodan Milosevic and four others are indicted by the International Criminal Tribunal for former Yugoslavia, for war crimes and crimes against humanity committed in Kosovo.

## 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: “€1 in 1999 → 2021 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Jun. 2021, https://www.officialdata.org/eu/inflation/1999?amount=1.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.