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Value of 1987 Norwegian Kroner today

kr100 in 1987
kr236.99 in 2022

The inflation rate in Norway between 1987 and today has been 136.99%, which translates into a total increase of kr136.99. This means that 100 kroner in 1987 are equivalent to 236.99 kroner in 2022. In other words, the purchasing power of kr100 in 1987 equals kr236.99 today. The average annual inflation rate between these periods has been 2.5%.

Inflation timeline in Norway (1987 - 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 1987-2021 125.2%
Cumulative inflation 1987-today 136.99%
Avg. Annual inflation 1987-2021 2.42%
CPI 1987 51.55
CPI 2021 116.09
CPI 2022-05 (latest official data) 121.5
CPI today 122.17

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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=kr 100 ×
116.09/51.55
kr225.2

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.17:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=kr 100 ×
122.17/51.55
kr236.99

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 34 years between 1987 and 2021 and the average inflation rate was 2.4165%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.024165)34
kr225.2

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1987 kr2.25 kroner in 2021
kr5 kroner in 1987 kr11.26 kroner in 2021
kr10 kroner in 1987 kr22.52 kroner in 2021
kr50 kroner in 1987 kr112.6 kroner in 2021
kr100 kroner in 1987 kr225.2 kroner in 2021
kr500 kroner in 1987 kr1,126.01 kroner in 2021
kr1,000 kroner in 1987 kr2,252.02 kroner in 2021
kr5,000 kroner in 1987 kr11,260.11 kroner in 2021
kr10,000 kroner in 1987 kr22,520.21 kroner in 2021
kr50,000 kroner in 1987 kr112,601.07 kroner in 2021
kr100,000 kroner in 1987 kr225,202.13 kroner in 2021
kr500,000 kroner in 1987 kr1,126,010.67 kroner in 2021
kr1,000,000 kroner in 1987 kr2,252,021.34 kroner in 2021
Cumulative inflation From 1987 136.99%
Avg. annual inflation From 1987 2.5%
CPI 1987 51.55
CPI today 122.17

Value of Krone over time (by year)

Period Value
1987 100
1988 106.68
1989 111.53
1990 116.13
1991 120.13
1992 122.92
1993 125.74
1994 127.47
1995 130.6
1996 132.25
1997 135.65
1998 138.7
1999 141.98
2000 146.36
2001 150.76
2002 152.7
2003 156.5
2004 157.21
2005 159.62
2006 163.34
2007 164.5
2008 170.68
2009 174.43
2010 178.65
2011 180.94
2012 182.2
2013 186.07
2014 189.86
2015 193.99
2016 200.87
2017 204.64
2018 210.3
2019 214.86
2020 217.62
2021 225.2
2022-05 235.69
Today 236.99

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: