# Value of 1995 Norwegian Kroner today

kr100 in 1995

kr166.13 in 2019

The inflation rate in Norway between 1995 and today has been 66.13%, which translates into a total increase of kr66.13. This means that 100 kroner in 1995 are equivalent to 166.13 kroner in 2019. In other words, the purchasing power of kr100 in 1995 equals kr166.13 today. The average annual inflation rate has been 2.05%.

## Inflation timeline in Norway (1995-2019)

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 (1995-2019) 65.86%
Total Inflation* 66.13%
Annual inflation avg. (1995-2019) 2.13%
Annual inflation avg.* 2.05%
CPI 1995 66.2
CPI 2019 109.8
CPI today* 109.98
kr1 in 1995 kr1.66 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 24 years between 1995 and 2019 and the average inflation rate has been 2.0513%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.02)24 = kr165.86

#### 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 1995 was 66.2 and the CPI today is 109.98. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
109.8/66.2
= kr165.86

### Norway inflation - Conversion table

Initial Value Equivalent value
kr1 krone in 1995 kr1.66 kroner today
kr5 kroner in 1995 kr8.31 kroner today
kr10 kroner in 1995 kr16.61 kroner today
kr50 kroner in 1995 kr83.07 kroner today
kr100 kroner in 1995 kr166.13 kroner today
kr500 kroner in 1995 kr830.67 kroner today
kr1,000 kroner in 1995 kr1,661.34 kroner today
kr5,000 kroner in 1995 kr8,306.71 kroner today
kr10,000 kroner in 1995 kr16,613.42 kroner today
kr50,000 kroner in 1995 kr83,067.08 kroner today
kr100,000 kroner in 1995 kr166,134.16 kroner today
kr500,000 kroner in 1995 kr830,670.81 kroner today
kr1,000,000 kroner in 1995 kr1,661,341.62 kroner today

Period Value
1995 100
1996 102.11
1997 103.93
1998 106.34
1999 108.91
2000 111.93
2001 115.26
2002 117.67
2003 120.85
2004 121.6
2005 122.96
2006 125.23
2007 127.95
2008 131.57
2009 134.44
2010 137.16
2011 140.94
2012 141.09
2013 143.05
2014 145.92
2015 148.94
2016 152.42
2017 157.7
2018 160.27
2019 165.86
Today 166.13