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Value of 1995 Norwegian Kroner today

kr100 in 1995
kr188 in 2022

The inflation rate in Norway between 1995 and today has been 88%, which translates into a total increase of kr88. This means that 100 kroner in 1995 are equivalent to 188 kroner in 2022. In other words, the purchasing power of kr100 in 1995 equals kr188 today. The average annual inflation rate between these periods has been 2.37%.

Inflation timeline in Norway (1995 - 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 1995-2021 72.43%
Cumulative inflation 1995-today 88%
Avg. Annual inflation 1995-2021 2.12%
CPI 1995 67.33
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 1995 and 2021, use the corresponding CPI values:

Value2021
=Value1995 ×
CPI2021/CPI1995
=kr 100 ×
116.09/67.33
kr172.43

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

Valuetoday
=Value1995 ×
CPItoday/CPI1995
=kr 100 ×
126.57/67.33
kr188

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 26 years between 1995 and 2021 and the average inflation rate was 2.1177%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=kr100 × (1 + 0.021177)26
kr172.43

Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1995 kr1.72 kroner in 2021
kr5 kroner in 1995 kr8.62 kroner in 2021
kr10 kroner in 1995 kr17.24 kroner in 2021
kr50 kroner in 1995 kr86.22 kroner in 2021
kr100 kroner in 1995 kr172.43 kroner in 2021
kr500 kroner in 1995 kr862.17 kroner in 2021
kr1,000 kroner in 1995 kr1,724.35 kroner in 2021
kr5,000 kroner in 1995 kr8,621.74 kroner in 2021
kr10,000 kroner in 1995 kr17,243.48 kroner in 2021
kr50,000 kroner in 1995 kr86,217.38 kroner in 2021
kr100,000 kroner in 1995 kr172,434.76 kroner in 2021
kr500,000 kroner in 1995 kr862,173.78 kroner in 2021
kr1,000,000 kroner in 1995 kr1,724,347.57 kroner in 2021
Cumulative inflation From 1995 88%
Avg. annual inflation From 1995 2.37%
CPI 1995 67.33
CPI today 126.57

Value of Krone over time (by year)

Period Value
1995 100
1996 101.26
1997 103.86
1998 106.2
1999 108.71
2000 112.07
2001 115.44
2002 116.92
2003 119.83
2004 120.37
2005 122.22
2006 125.06
2007 125.96
2008 130.68
2009 133.56
2010 136.79
2011 138.54
2012 139.51
2013 142.47
2014 145.38
2015 148.53
2016 153.81
2017 156.69
2018 161.02
2019 164.51
2020 166.63
2021 172.43
2022-10 187.15
Today 188

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: