DKK Inflation Calculator - Danish Krone (1967-2025)

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

kr.100 in 1967

kr.1,039.93 in 2024

The cumulative inflation rate in Denmark between 1967 and 2024 was 939.93%, meaning that overall prices were 10.4 times higher than they were in 1967. In other words, the purchasing power of kr.100 in 1967 was equivalent to kr.1,039.93 in 2024. The average annual inflation rate over this period was 4.19%.

Inflation timeline in Denmark (1967 - 2024)

The chart below shows how the value of kr.100 changes over time when adjusted for inflation, based on Consumer Price Index (CPI) data. All values are equivalent in terms of purchasing power, indicating how much money would be needed each year to buy the same goods or services.

All calculations are performed in Danish kroner with six-decimal precision, though displayed values are rounded to two decimals for readability. Inflation figures are sourced from official government and international reports released monthly.

The following table contains relevant indicators:

Indicator	Value
Cumulative inflation from 1967 to 2024	939.93%
Avg. Annual inflation from 1967 to 2024	4.19%
CPI 1967	11.43
CPI 2024	118.82

How to calculate the time value of money with inflation data?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Value_t =Value₀ ×

CPI_t/CPI₀

To obtain the values equivalent in buying power between 1967 and 2024, use the corresponding CPI values:

Value₂₀₂₄

=Value₁₉₆₇ ×

CPI₂₀₂₄/CPI₁₉₆₇

=kr. 100 ×

118.82/11.43

≈kr.1,039.93

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)ⁿ, where:

FV: Future Value
PV: Present Value
i: Interest rate (inflation)
n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are kr.100 worth today. There are 57 years between 1967 and 2024 and the average inflation rate was 4.1939%. Therefore, we can resolve the formula like this:

Value₂₀₂₄

=PV × (1 + i)ⁿ

=kr.100 × (1 + 0.041939)⁵⁷