Value of 1972 Norwegian Kroner today

kr100 in 1972

kr787.46 in 2019

The inflation rate in Norway between 1972 and today has been 687.46%, which translates into a total increase of kr687.46. This means that 100 kroner in 1972 are equivalent to 787.46 kroner in 2019. In other words, the purchasing power of kr100 in 1972 equals kr787.46 today. The average annual inflation rate has been 4.39%.

Inflation timeline in Norway (1972-2019)

The following chart ilustrates the equivalence of kr100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (NOK) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1972-2019) 685.64%
Total Inflation* 687.46%
Annual inflation avg. (1972-2019) 4.48%
Annual inflation avg.* 4.39%
CPI 1972 13.98
CPI 2019 109.8
CPI today* 110.06
kr1 in 1972 kr7.86 in 2019

* Values extrapolated from the last official data to obtain today's values.

How to calculate today's value of money after inflation?

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

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 kr100 worth today. There are 47 years between 1972 and 2019 and the average inflation rate has been 4.393%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)47 = kr785.64

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1972 was 13.98 and the CPI today is 110.06. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
109.8/13.98
= kr785.64

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1972 kr7.87 kroner today
kr5 kroner in 1972 kr39.37 kroner today
kr10 kroner in 1972 kr78.75 kroner today
kr50 kroner in 1972 kr393.73 kroner today
kr100 kroner in 1972 kr787.46 kroner today
kr500 kroner in 1972 kr3,937.32 kroner today
kr1,000 kroner in 1972 kr7,874.63 kroner today
kr5,000 kroner in 1972 kr39,373.17 kroner today
kr10,000 kroner in 1972 kr78,746.35 kroner today
kr50,000 kroner in 1972 kr393,731.75 kroner today
kr100,000 kroner in 1972 kr787,463.5 kroner today
kr500,000 kroner in 1972 kr3,937,317.49 kroner today
kr1,000,000 kroner in 1972 kr7,874,634.99 kroner today

Value of Krone in time (by year)

Period Value
1972 100
1973 107.69
1974 116.41
1975 128.21
1976 142.56
1977 153.85
1978 168.21
1979 181.54
1980 189.61
1981 215.37
1982 241.13
1983 269.75
1984 289.07
1985 306.24
1986 323.41
1987 352.03
1988 377.79
1989 399.26
1990 416.43
1991 434.32
1992 446.48
1993 456.5
1994 465.09
1995 473.67
1996 483.69
1997 492.28
1998 503.72
1999 515.89
2000 530.2
2001 545.94
2002 557.39
2003 572.41
2004 575.99
2005 582.43
2006 593.16
2007 606.04
2008 623.21
2009 636.81
2010 649.69
2011 667.58
2012 668.29
2013 677.59
2014 691.19
2015 705.5
2016 721.96
2017 747
2018 759.16
2019 785.64
Today 787.46