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Value of 1984 Norwegian Kroner today

kr100 in 1984
kr302.44 in 2022

The inflation rate in Norway between 1984 and today has been 202.44%, which translates into a total increase of kr202.44. This means that 100 kroner in 1984 are equivalent to 302.44 kroner in 2022. In other words, the purchasing power of kr100 in 1984 equals kr302.44 today. The average annual inflation rate between these periods has been 2.96%.

Inflation timeline in Norway (1984 - 2022)

The following chart depicts the equivalence of kr100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing 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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1984-2021 177.4%
Cumulative inflation 1984-today 202.44%
Avg. Annual inflation 1984-2021 2.8%
CPI 1984 41.85
CPI 2021 116.09
CPI 2022-10 (latest official data) 126
CPI today 126.57

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 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:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1984 and 2021, use the corresponding CPI values:

Value2021
=Value1984 ×
CPI2021/CPI1984
=kr 100 ×
116.09/41.85
kr277.4

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.57:

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=kr 100 ×
126.57/41.85
kr302.44

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 kr100 worth today. There are 37 years between 1984 and 2021 and the average inflation rate was 2.7959%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.027959)37
kr277.4

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1984 kr2.77 kroner in 2021
kr5 kroner in 1984 kr13.87 kroner in 2021
kr10 kroner in 1984 kr27.74 kroner in 2021
kr50 kroner in 1984 kr138.7 kroner in 2021
kr100 kroner in 1984 kr277.4 kroner in 2021
kr500 kroner in 1984 kr1,387 kroner in 2021
kr1,000 kroner in 1984 kr2,774 kroner in 2021
kr5,000 kroner in 1984 kr13,869.98 kroner in 2021
kr10,000 kroner in 1984 kr27,739.95 kroner in 2021
kr50,000 kroner in 1984 kr138,699.76 kroner in 2021
kr100,000 kroner in 1984 kr277,399.52 kroner in 2021
kr500,000 kroner in 1984 kr1,386,997.61 kroner in 2021
kr1,000,000 kroner in 1984 kr2,773,995.22 kroner in 2021
Cumulative inflation From 1984 202.44%
Avg. annual inflation From 1984 2.96%
CPI 1984 41.85
CPI today 126.57

Value of Krone over time (by year)

Period Value
1984 100
1985 105.71
1986 113.3
1987 123.18
1988 131.4
1989 137.38
1990 143.05
1991 147.97
1992 151.41
1993 154.88
1994 157.01
1995 160.87
1996 162.9
1997 167.08
1998 170.85
1999 174.89
2000 180.29
2001 185.7
2002 188.09
2003 192.77
2004 193.65
2005 196.61
2006 201.19
2007 202.63
2008 210.23
2009 214.85
2010 220.05
2011 222.88
2012 224.43
2013 229.19
2014 233.87
2015 238.95
2016 247.43
2017 252.07
2018 259.04
2019 264.66
2020 268.06
2021 277.4
2022-10 301.08
Today 302.44

All available years

Today's value of norwegian kroner by year:

1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

Other currencies: