€1 in 2020 is worth €0.71 in 1999

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Value of €1 from 2020 to 1999

€1 in 2020 is equivalent in purchasing power to about €0.71 in 1999, an increase of €-0.29 over 21 years. The euro had an average inflation rate of 1.66% per year between 1999 and 2020, producing a cumulative price increase of -29.28%.

This means that prices in 1999 are 29.28% lower than average prices since 2020, according to the European Central Bank consumer price index.

The 1999 inflation rate was 1.17%. The inflation rate in 2020 was 0.25%. The 2020 inflation rate is lower compared to the average inflation rate of 1.40% per year between 2020 and 2021.


Inflation from 2020 to 1999
Cumulative price change -29.28%
Average inflation rate 1.66%
Converted amount (€1 base) €0.71
Price difference (€1 base) €-0.29
CPI in 2020 105.064
CPI in 1999 74.304
Inflation in 1999 1.17%
Inflation in 2020 0.25%
€1 in 2020 €0.71 in 1999

EUR Inflation since 1996
Annual Rate, the European Central Bank CPI
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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 €0.71 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €1 is equivalent to €0.71 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 21 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: 1999-2020
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 15 more rows

This conversion table shows various other 1999 amounts in 2020 euros, based on the -29.28% change in prices:

Conversion: 1999 euros in 2020
Initial value Equivalent value
€1 euro in 1999 €1.41 euros in 2020
€5 euros in 1999 €7.07 euros in 2020
€10 euros in 1999 €14.14 euros in 2020
€50 euros in 1999 €70.70 euros in 2020
€100 euros in 1999 €141.40 euros in 2020
€500 euros in 1999 €706.99 euros in 2020
€1,000 euros in 1999 €1,413.97 euros in 2020
€5,000 euros in 1999 €7,069.86 euros in 2020
€10,000 euros in 1999 €14,139.72 euros in 2020
€50,000 euros in 1999 €70,698.59 euros in 2020
€100,000 euros in 1999 €141,397.18 euros in 2020
€500,000 euros in 1999 €706,985.92 euros in 2020
€1,000,000 euros in 1999 €1,413,971.85 euros in 2020

How to Calculate Inflation Rate for €1, 1999 to 2020

Our calculations use the following inflation rate formula to calculate the change in value between 1999 and 2020:

CPI in 1999 CPI in 2020
×
2020 EUR value
=
1999 EUR value

Then plug in historical CPI values. The Euro CPI was 105.064 in the year 2020 and 74.30416667 in 1999:

74.30416667105.064
×
€1
=
€0.71

€1 in 2020 has the same "purchasing power" or "buying power" as €0.71 in 1999.

To get the total inflation rate for the 21 years between 1999 and 2020, we use the following formula:

CPI in 1999 - CPI in 2020CPI in 2020
×
100
=
Cumulative inflation rate (21 years)

Plugging in the values to this equation, we get:

74.30416667 - 105.064105.064
×
100
=
-29%

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 2020 → 1999 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 18 May. 2021, https://www.officialdata.org/europe/inflation/2020?endYear=1999&amount=1.

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


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 2020 to 1999
Cumulative price change -29.28%
Average inflation rate 1.66%
Converted amount (€1 base) €0.71
Price difference (€1 base) €-0.29
CPI in 2020 105.064
CPI in 1999 74.304
Inflation in 1999 1.17%
Inflation in 2020 0.25%
€1 in 2020 €0.71 in 1999