Value of 1986 Norwegian Kroner today

kr100 in 1986

kr242.92 today

The inflation rate in Norway between 1986 and today has been 142.92%, which translates into a total increase of kr142.92. This means that 100 kroner in 1986 are equivalent to 242.92 kroner in 2018. In other words, the purchasing power of kr100 in 1986 equals kr242.92 today. The average annual inflation rate has been 2.73%.

Inflation timeline in Norway (1986-2019)

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 (1986-2018) 134.73%
Total Inflation* 142.92%
Annual inflation avg. (1986-2018) 2.7%
Annual inflation avg.* 2.73%
CPI 1986 45.2
CPI 2018 106.1
CPI today* 109.8
kr1 in 1986 kr2.35 in 2018

* 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 32 years between 1986 and 2018 and the average inflation rate has been 2.7261%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.03)32 = kr234.73

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 1986 was 45.2 and the CPI today is 109.8. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
106.1/45.2
= kr234.73

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1986 kr2.43 kroner today
kr5 kroner in 1986 kr12.15 kroner today
kr10 kroner in 1986 kr24.29 kroner today
kr50 kroner in 1986 kr121.46 kroner today
kr100 kroner in 1986 kr242.92 kroner today
kr500 kroner in 1986 kr1,214.62 kroner today
kr1,000 kroner in 1986 kr2,429.24 kroner today
kr5,000 kroner in 1986 kr12,146.2 kroner today
kr10,000 kroner in 1986 kr24,292.4 kroner today
kr50,000 kroner in 1986 kr121,462 kroner today
kr100,000 kroner in 1986 kr242,924 kroner today
kr500,000 kroner in 1986 kr1,214,619.99 kroner today
kr1,000,000 kroner in 1986 kr2,429,239.97 kroner today

Value of Krone in time (by year)

Period Value
1986 100
1987 108.85
1988 116.81
1989 123.45
1990 128.76
1991 134.29
1992 138.05
1993 141.15
1994 143.81
1995 146.46
1996 149.56
1997 152.21
1998 155.75
1999 159.51
2000 163.94
2001 168.81
2002 172.35
2003 176.99
2004 178.1
2005 180.09
2006 183.41
2007 187.39
2008 192.7
2009 196.9
2010 200.88
2011 206.42
2012 206.64
2013 209.51
2014 213.72
2015 218.14
2016 223.23
2017 230.97
2018 234.73
Today 242.92