Value of 1992 Norwegian Kroner today

kr100 in 1992

kr176.22 in 2019

The inflation rate in Norway between 1992 and today has been 76.22%, which translates into a total increase of kr76.22. This means that 100 kroner in 1992 are equivalent to 176.22 kroner in 2019. In other words, the purchasing power of kr100 in 1992 equals kr176.22 today. The average annual inflation rate has been 2.04%.

Inflation timeline in Norway (1992-2019)

The following chart depicts the equivalence of kr100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1992-2019) 75.96%
Total Inflation* 76.22%
Annual inflation avg. (1992-2019) 2.12%
Annual inflation avg.* 2.04%
CPI 1992 62.4
CPI 2019 109.8
CPI today* 109.96
kr1 in 1992 kr1.76 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 27 years between 1992 and 2019 and the average inflation rate has been 2.044%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.02)27 = kr175.96

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 1992 was 62.4 and the CPI today is 109.96. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
109.8/62.4
= kr175.96

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1992 kr1.76 kroner today
kr5 kroner in 1992 kr8.81 kroner today
kr10 kroner in 1992 kr17.62 kroner today
kr50 kroner in 1992 kr88.11 kroner today
kr100 kroner in 1992 kr176.22 kroner today
kr500 kroner in 1992 kr881.09 kroner today
kr1,000 kroner in 1992 kr1,762.17 kroner today
kr5,000 kroner in 1992 kr8,810.86 kroner today
kr10,000 kroner in 1992 kr17,621.72 kroner today
kr50,000 kroner in 1992 kr88,108.61 kroner today
kr100,000 kroner in 1992 kr176,217.22 kroner today
kr500,000 kroner in 1992 kr881,086.08 kroner today
kr1,000,000 kroner in 1992 kr1,762,172.16 kroner today

Value of Krone in time (by year)

Period Value
1992 100
1993 102.24
1994 104.17
1995 106.09
1996 108.33
1997 110.26
1998 112.82
1999 115.54
2000 118.75
2001 122.28
2002 124.84
2003 128.21
2004 129.01
2005 130.45
2006 132.85
2007 135.74
2008 139.58
2009 142.63
2010 145.51
2011 149.52
2012 149.68
2013 151.76
2014 154.81
2015 158.01
2016 161.7
2017 167.31
2018 170.03
2019 175.96
Today 176.22