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

kr1,353.59 in 2018

The inflation rate in Sweden between 1956 and 2018 was 1,253.59%, which translates into a total increase of kr1,253.59. This means that 100 kronor in 1956 are equivalent to 1,353.59 kronor in 2018. In other words, the purchasing power of kr100 in 1956 equals kr1,353.59 in 2018. The average annual inflation rate between these periods was 4.29%.

Inflation timeline in Sweden (1956 - 2018)

The following chart ilustrates the equivalence of swedish kronor throughout the years due to compound inflation and CPI changes. All values are equivalent in terms of purchashing 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.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1956-2018) 1,253.59%
Annual inflation avg. (1956-2018) 4.29%
CPI 1956 7.67
CPI 2018 103.79
kr1 in 1956 kr13.54 in 2018

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 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, the future value is the amount in 2018 that equals kr100 in 1956 in terms of purchasing power. There are 62 years between 1956 and 2018 and the average inflation rate was 4.2917%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.042917)62 = kr1,353.588246 ≈ kr1,353.59

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 1956 was 7.67 and in 2018 was 103.79. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
103.79/7.67
= kr1,353.59

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1956 kr13.54 kronor in 2018
kr5 kronor in 1956 kr67.68 kronor in 2018
kr10 kronor in 1956 kr135.36 kronor in 2018
kr50 kronor in 1956 kr676.79 kronor in 2018
kr100 kronor in 1956 kr1,353.59 kronor in 2018
kr500 kronor in 1956 kr6,767.94 kronor in 2018
kr1,000 kronor in 1956 kr13,535.88 kronor in 2018
kr5,000 kronor in 1956 kr67,679.41 kronor in 2018
kr10,000 kronor in 1956 kr135,358.82 kronor in 2018
kr50,000 kronor in 1956 kr676,794.12 kronor in 2018
kr100,000 kronor in 1956 kr1,353,588.25 kronor in 2018
kr500,000 kronor in 1956 kr6,767,941.23 kronor in 2018
kr1,000,000 kronor in 1956 kr13,535,882.46 kronor in 2018

Value of Krona in time (by year)

Period Value
1956 100
1957 103.59
1958 107.57
1959 110.99
1960 112.46
1961 116.78
1962 119.44
1963 125.47
1964 129.37
1965 134.41
1966 142.45
1967 149.77
1968 154.86
1969 157.97
1970 164.07
1971 177.39
1972 189.99
1973 201.87
1974 217.04
1975 242.17
1976 263.68
1977 288.1
1978 325.69
1979 349.7
1980 383.82
1981 438.04
1982 478.04
1983 524.15
1984 572.39
1985 619.09
1986 653.92
1987 675.65
1988 710.28
1989 752.77
1990 802.59
1991 890.07
1992 960.53
1993 978.39
1994 1,018.26
1995 1,043.4
1996 1,065.42
1997 1,063.42
1998 1,080.94
1999 1,067.83
2000 1,081.85
2001 1,092.43
2002 1,121.48
2003 1,144.82
2004 1,159.39
2005 1,162.64
2006 1,172.92
2007 1,192.1
2008 1,233.27
2009 1,244.38
2010 1,251.54
2011 1,280.8
2012 1,310.1
2013 1,309.39
2014 1,311.18
2015 1,307.06
2016 1,307.72
2017 1,330.49
2018 1,353.59