Value of 1975 Norwegian Kroner today

kr100 in 1975

kr614.22 in 2019

The inflation rate in Norway between 1975 and today has been 514.22%, which translates into a total increase of kr514.22. This means that 100 kroner in 1975 are equivalent to 614.22 kroner in 2019. In other words, the purchasing power of kr100 in 1975 equals kr614.22 today. The average annual inflation rate has been 4.12%.

Inflation timeline in Norway (1975-2019)

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 (1975-2019) 512.8%
Total Inflation* 514.22%
Annual inflation avg. (1975-2019) 4.21%
Annual inflation avg.* 4.12%
CPI 1975 17.92
CPI 2019 109.8
CPI today* 110.06
kr1 in 1975 kr6.13 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 44 years between 1975 and 2019 and the average inflation rate has been 4.1162%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)44 = kr612.8

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 1975 was 17.92 and the CPI today is 110.06. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
109.8/17.92
= kr612.8

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1975 kr6.14 kroner today
kr5 kroner in 1975 kr30.71 kroner today
kr10 kroner in 1975 kr61.42 kroner today
kr50 kroner in 1975 kr307.11 kroner today
kr100 kroner in 1975 kr614.22 kroner today
kr500 kroner in 1975 kr3,071.11 kroner today
kr1,000 kroner in 1975 kr6,142.21 kroner today
kr5,000 kroner in 1975 kr30,711.07 kroner today
kr10,000 kroner in 1975 kr61,422.14 kroner today
kr50,000 kroner in 1975 kr307,110.7 kroner today
kr100,000 kroner in 1975 kr614,221.4 kroner today
kr500,000 kroner in 1975 kr3,071,106.99 kroner today
kr1,000,000 kroner in 1975 kr6,142,213.97 kroner today

Value of Krone in time (by year)

Period Value
1975 100
1976 111.2
1977 120
1978 131.2
1979 141.6
1980 147.9
1981 167.99
1982 188.08
1983 210.4
1984 225.47
1985 238.87
1986 252.26
1987 274.59
1988 294.68
1989 311.42
1990 324.82
1991 338.77
1992 348.26
1993 356.07
1994 362.77
1995 369.46
1996 377.28
1997 383.97
1998 392.9
1999 402.39
2000 413.55
2001 425.83
2002 434.76
2003 446.48
2004 449.27
2005 454.3
2006 462.67
2007 472.71
2008 486.11
2009 496.71
2010 506.76
2011 520.71
2012 521.27
2013 528.52
2014 539.13
2015 550.29
2016 563.13
2017 582.66
2018 592.15
2019 612.8
Today 614.22