Value of 1985 Norwegian Kroner today

kr100 in 1985

kr257.14 in 2019

The inflation rate in Norway between 1985 and today has been 157.14%, which translates into a total increase of kr157.14. This means that 100 kroner in 1985 are equivalent to 257.14 kroner in 2019. In other words, the purchasing power of kr100 in 1985 equals kr257.14 today. The average annual inflation rate has been 2.74%.

Inflation timeline in Norway (1985-2019)

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 (1985-2019) 156.54%
Total Inflation* 157.14%
Annual inflation avg. (1985-2019) 2.81%
Annual inflation avg.* 2.74%
CPI 1985 42.8
CPI 2019 109.8
CPI today* 110.06
kr1 in 1985 kr2.57 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 34 years between 1985 and 2019 and the average inflation rate has been 2.7351%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.03)34 = kr256.54

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 1985 was 42.8 and the CPI today is 110.06. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
109.8/42.8
= kr256.54

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1985 kr2.57 kroner today
kr5 kroner in 1985 kr12.86 kroner today
kr10 kroner in 1985 kr25.71 kroner today
kr50 kroner in 1985 kr128.57 kroner today
kr100 kroner in 1985 kr257.14 kroner today
kr500 kroner in 1985 kr1,285.69 kroner today
kr1,000 kroner in 1985 kr2,571.38 kroner today
kr5,000 kroner in 1985 kr12,856.92 kroner today
kr10,000 kroner in 1985 kr25,713.85 kroner today
kr50,000 kroner in 1985 kr128,569.24 kroner today
kr100,000 kroner in 1985 kr257,138.48 kroner today
kr500,000 kroner in 1985 kr1,285,692.39 kroner today
kr1,000,000 kroner in 1985 kr2,571,384.78 kroner today

Value of Krone in time (by year)

Period Value
1985 100
1986 105.61
1987 114.95
1988 123.36
1989 130.37
1990 135.98
1991 141.82
1992 145.79
1993 149.07
1994 151.87
1995 154.67
1996 157.94
1997 160.75
1998 164.49
1999 168.46
2000 173.13
2001 178.27
2002 182.01
2003 186.92
2004 188.08
2005 190.19
2006 193.69
2007 197.9
2008 203.5
2009 207.94
2010 212.15
2011 217.99
2012 218.22
2013 221.26
2014 225.7
2015 230.37
2016 235.75
2017 243.93
2018 247.9
2019 256.54
Today 257.14