€1 in 2005 is equivalent in purchasing power to about €0.92 in 2001, an increase of €-0.08 over 4 years. The euro had an average inflation rate of 2.19% per year between 2001 and 2005, producing a cumulative price increase of -8.30%.

This means that prices in 2001 are 8.3% lower than average prices since 2005, according to the European Central Bank consumer price index.

The 2001 inflation rate was 2.41%. The inflation rate in 2005 was 2.20%. The 2005 inflation rate is higher compared to the average inflation rate of 1.44% per year between 2005 and 2021.

⌃

Cumulative price change | -8.30% |

Average inflation rate | 2.19% |

Converted amount (€1 base) | €0.92 |

Price difference (€1 base) | €-0.08 |

CPI in 2005 | 84.802 |

CPI in 2001 | 77.760 |

Inflation in 2001 | 2.41% |

Inflation in 2005 | 2.20% |

€1 in 2005 | €0.92 in 2001 |

This chart shows a calculation of buying power equivalence for €1 in 2001 (price index tracking began in 1996).

For example, if you started with €1, you would need to end with €0.92 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When €1 is equivalent to €0.92 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 2001 dollars, the chart below shows how €1 is worth less over 4 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:

This conversion table shows various other 2001 amounts in 2005 euros, based on the -8.30% change in prices:

Initial value | Equivalent value |
---|---|

€1 euro in 2001 | €1.09 euros in 2005 |

€5 euros in 2001 | €5.45 euros in 2005 |

€10 euros in 2001 | €10.91 euros in 2005 |

€50 euros in 2001 | €54.53 euros in 2005 |

€100 euros in 2001 | €109.06 euros in 2005 |

€500 euros in 2001 | €545.28 euros in 2005 |

€1,000 euros in 2001 | €1,090.56 euros in 2005 |

€5,000 euros in 2001 | €5,452.78 euros in 2005 |

€10,000 euros in 2001 | €10,905.56 euros in 2005 |

€50,000 euros in 2001 | €54,527.82 euros in 2005 |

€100,000 euros in 2001 | €109,055.64 euros in 2005 |

€500,000 euros in 2001 | €545,278.21 euros in 2005 |

€1,000,000 euros in 2001 | €1,090,556.41 euros in 2005 |

Our calculations use the following inflation rate formula to calculate the change in value between 2001 and 2005:

CPI in 2001
CPI in 2005

×

2005 EUR value

=

2001 EUR value

Then plug in historical CPI values. The Euro CPI was 84.80166667 in the year 2005 and 77.76 in 2001:

77.7684.80166667

×

€1

=

€1 in 2005 has the same "purchasing power" or "buying power" as €0.92 in 2001.

To get the total inflation rate for the 4 years between 2001 and 2005, we use the following formula:

CPI in 2001 - CPI in 2005CPI in 2005

×

100

=

Plugging in the values to this equation, we get:

77.76 - 84.8016666784.80166667

×

100

=

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

- Egyptian President Hosni Mubarak asks Parliament to amend Article 76 and orders constitutional changes in order to allow multi-candidate presidential elections.
- Syria's 29-year-long military domination of Lebanon ends, after it withdraws the last of its 14,000 troops under international pressure.
- A coordinated bomb attack hits London's public transport system, during the morning rush hour, killing 52 and injuring a further 700 people.
- Angela Merkel becomes first female Chancellor of Germany.

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 2005 → 2001 | Euro Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 Oct. 2021, https://www.officialdata.org/europe/inflation/2005?amount=1&endYear=2001.

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

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Cumulative price change | -8.30% |

Average inflation rate | 2.19% |

Converted amount (€1 base) | €0.92 |

Price difference (€1 base) | €-0.08 |

CPI in 2005 | 84.802 |

CPI in 2001 | 77.760 |

Inflation in 2001 | 2.41% |

Inflation in 2005 | 2.20% |

€1 in 2005 | €0.92 in 2001 |