kr

Value of 1992 Norwegian Kroner today

kr100 in 1992
kr199.74 in 2022

The inflation rate in Norway between 1992 and today has been 99.74%, which translates into a total increase of kr99.74. This means that 100 kroner in 1992 are equivalent to 199.74 kroner in 2022. In other words, the purchasing power of kr100 in 1992 equals kr199.74 today. The average annual inflation rate between these periods has been 2.33%.

Inflation timeline in Norway (1992 - 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 1992-2021 83.21%
Cumulative inflation 1992-today 99.74%
Avg. Annual inflation 1992-2021 2.11%
CPI 1992 63.37
CPI 2021 116.09
CPI 2022-10 (latest official data) 126
CPI today 126.57

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 1992 and 2021, use the corresponding CPI values:

Value2021
=Value1992 ×
CPI2021/CPI1992
=kr 100 ×
116.09/63.37
kr183.21

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.57:

Valuetoday
=Value1992 ×
CPItoday/CPI1992
=kr 100 ×
126.57/63.37
kr199.74

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 29 years between 1992 and 2021 and the average inflation rate was 2.1097%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.021097)29
kr183.21

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1992 kr1.83 kroner in 2021
kr5 kroner in 1992 kr9.16 kroner in 2021
kr10 kroner in 1992 kr18.32 kroner in 2021
kr50 kroner in 1992 kr91.6 kroner in 2021
kr100 kroner in 1992 kr183.21 kroner in 2021
kr500 kroner in 1992 kr916.03 kroner in 2021
kr1,000 kroner in 1992 kr1,832.06 kroner in 2021
kr5,000 kroner in 1992 kr9,160.31 kroner in 2021
kr10,000 kroner in 1992 kr18,320.63 kroner in 2021
kr50,000 kroner in 1992 kr91,603.14 kroner in 2021
kr100,000 kroner in 1992 kr183,206.28 kroner in 2021
kr500,000 kroner in 1992 kr916,031.4 kroner in 2021
kr1,000,000 kroner in 1992 kr1,832,062.79 kroner in 2021
Cumulative inflation From 1992 99.74%
Avg. annual inflation From 1992 2.33%
CPI 1992 63.37
CPI today 126.57

Value of Krone over time (by year)

Period Value
1992 100
1993 102.29
1994 103.7
1995 106.25
1996 107.59
1997 110.35
1998 112.84
1999 115.51
2000 119.07
2001 122.65
2002 124.22
2003 127.31
2004 127.89
2005 129.85
2006 132.88
2007 133.82
2008 138.85
2009 141.9
2010 145.33
2011 147.2
2012 148.22
2013 151.37
2014 154.46
2015 157.81
2016 163.41
2017 166.48
2018 171.08
2019 174.79
2020 177.04
2021 183.21
2022-10 198.84
Today 199.74

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: