kr

# Inflation calculator - Swedish Krona

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

kr100 in 1956
kr1,656.61 in 2023

The inflation rate in Sweden between 1956 and 2023 was 1,556.61%, which translates into a total increase of kr1,556.61. This means that 100 kronor in 1956 are equivalent to 1,656.61 kronor in 2023. In other words, the purchasing power of kr100 in 1956 equals kr1,656.61 in 2023. The average annual inflation rate between these periods was 4.28%.

## Inflation timeline in Sweden (1956 - 2023)

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 (SEK) 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.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 1956 to 2023 1,556.61%
Avg. Annual inflation from 1956 to 2023 4.28%
CPI 1956 7.78
CPI 2023 128.84

## How to calculate the time value of money with inflation data?

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 1956 and 2023, use the corresponding CPI values:

Value2023
=Value1956 ×
CPI2023/CPI1956
=kr 100 ×
128.84/7.78
kr1,656.61

### 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 67 years between 1956 and 2023 and the average inflation rate was 4.2791%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.042791)67
kr1,656.61

## Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1956 kr16.57 kronor in 2023
kr5 kronor in 1956 kr82.83 kronor in 2023
kr10 kronor in 1956 kr165.66 kronor in 2023
kr50 kronor in 1956 kr828.31 kronor in 2023
kr100 kronor in 1956 kr1,656.61 kronor in 2023
kr500 kronor in 1956 kr8,283.06 kronor in 2023
kr1,000 kronor in 1956 kr16,566.13 kronor in 2023
kr5,000 kronor in 1956 kr82,830.63 kronor in 2023
kr10,000 kronor in 1956 kr165,661.26 kronor in 2023
kr50,000 kronor in 1956 kr828,306.31 kronor in 2023
kr100,000 kronor in 1956 kr1,656,612.61 kronor in 2023
kr500,000 kronor in 1956 kr8,283,063.07 kronor in 2023
kr1,000,000 kronor in 1956 kr16,566,126.14 kronor in 2023
 Cumulative inflation 1956-2023 1,556.61% Avg. annual inflation 1956-2023 4.28% CPI 1956 7.78 CPI 2023 128.84

### Value of Krona over time (by year)

Period Value
1956 100
1957 104.32
1958 108.9
1959 109.78
1960 114.33
1961 116.79
1962 122.36
1963 125.87
1964 130.14
1965 136.66
1966 145.41
1967 151.65
1968 154.6
1969 158.76
1970 169.9
1971 182.46
1972 193.43
1973 206.42
1974 226.88
1975 249.07
1976 274.6
1977 306.01
1978 336.6
1979 360.87
1980 410.33
1981 460
1982 499.51
1983 543.83
1984 587.58
1985 630.9
1986 657.62
1987 685.17
1988 725.08
1989 771.79
1990 851.8
1991 932.25
1992 954.39
1993 999.51
1994 1,021.08
1995 1,046.15
1996 1,051.73
1997 1,058.65
1998 1,055.83
1999 1,060.71
2000 1,070.24
2001 1,095.99
2002 1,119.65
2003 1,141.21
2004 1,145.47
2005 1,150.67
2006 1,166.32
2007 1,192.12
2008 1,233.09
2009 1,226.99
2010 1,241.2
2011 1,277.96
2012 1,289.31
2013 1,288.74
2014 1,286.42
2015 1,285.82
2016 1,298.48
2017 1,321.78
2018 1,347.6
2019 1,371.64
2020 1,378.46
2021 1,408.28
2022 1,526.15
2023 1,656.61

All available years

Today's value of swedish kronor 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 | 2022 | 2023 |

Other currencies: