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Value of 1986 Norwegian Kroner today

kr100 in 1986
kr282.46 in 2024

The inflation rate in Norway between 1986 and today has been 182.46%, which translates into a total increase of kr182.46. This means that 100 kroner in 1986 are equivalent to 282.46 kroner in 2024. In other words, the purchasing power of kr100 in 1986 equals kr282.46 today. The average annual inflation rate between these periods has been 2.77%.

Inflation timeline in Norway (1986 - 2024)

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 1986-2023 173.23%
Cumulative inflation 1986-today 182.46%
Avg. Annual inflation 1986-2023 2.75%
CPI 1986 47.42
CPI 2023 129.56
CPI 2024-06 (latest official data) 133.8
CPI today 133.93

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 1986 and 2023, use the corresponding CPI values:

Value2023
=Value1986 ×
CPI2023/CPI1986
=kr 100 ×
129.56/47.42
kr273.23

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 133.93:

Valuetoday
=Value1986 ×
CPItoday/CPI1986
=kr 100 ×
133.93/47.42
kr282.46

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 1986 and 2023 and the average inflation rate was 2.7539%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.027539)37
kr273.23

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1986 kr2.73 kroner in 2023
kr5 kroner in 1986 kr13.66 kroner in 2023
kr10 kroner in 1986 kr27.32 kroner in 2023
kr50 kroner in 1986 kr136.62 kroner in 2023
kr100 kroner in 1986 kr273.23 kroner in 2023
kr500 kroner in 1986 kr1,366.17 kroner in 2023
kr1,000 kroner in 1986 kr2,732.34 kroner in 2023
kr5,000 kroner in 1986 kr13,661.68 kroner in 2023
kr10,000 kroner in 1986 kr27,323.37 kroner in 2023
kr50,000 kroner in 1986 kr136,616.83 kroner in 2023
kr100,000 kroner in 1986 kr273,233.65 kroner in 2023
kr500,000 kroner in 1986 kr1,366,168.27 kroner in 2023
kr1,000,000 kroner in 1986 kr2,732,336.54 kroner in 2023
Cumulative inflation From 1986 182.46%
Avg. annual inflation From 1986 2.77%
CPI 1986 47.42
CPI today 133.93

Value of Krone over time (by year)

Period Value
1986 100
1987 108.72
1988 115.98
1989 121.25
1990 126.26
1991 130.6
1992 133.64
1993 136.7
1994 138.58
1995 141.99
1996 143.78
1997 147.47
1998 150.79
1999 154.36
2000 159.12
2001 163.9
2002 166.01
2003 170.14
2004 170.91
2005 173.53
2006 177.57
2007 178.84
2008 185.55
2009 189.63
2010 194.22
2011 196.71
2012 198.08
2013 202.28
2014 206.41
2015 210.9
2016 218.38
2017 222.48
2018 228.63
2019 233.59
2020 236.59
2021 244.83
2022 258.95
2023 273.23
2024-06 282.18
Today 282.46

All available years

Today's value of norwegian kroner by year:

1955 | 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 | 2022 | 2023 |

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