kr

Value of 1955 Swedish Kronor today

kr100 in 1955
kr1,795.87 in 2024

The inflation rate in Sweden between 1955 and today has been 1,695.87%, which translates into a total increase of kr1,695.87. This means that 100 kronor in 1955 are equivalent to 1,795.87 kronor in 2024. In other words, the purchasing power of kr100 in 1955 equals kr1,795.87 today. The average annual inflation rate between these periods has been 4.27%.

Inflation timeline in Sweden (1955 - 2024)

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. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1955-2023 1,638.48%
Cumulative inflation 1955-today 1,695.87%
Avg. Annual inflation 1955-2023 4.29%
CPI 1955 7.41
CPI 2023 128.84
CPI 2024-05 (latest official data) 132.82
CPI today 133.09

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 1955 and 2023, use the corresponding CPI values:

Value2023
=Value1955 ×
CPI2023/CPI1955
=kr 100 ×
128.84/7.41
kr1,738.48

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 133.09:

Valuetoday
=Value1955 ×
CPItoday/CPI1955
=kr 100 ×
133.09/7.41
kr1,795.87

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 68 years between 1955 and 2023 and the average inflation rate was 4.2888%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.042888)68
kr1,738.48

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1955 kr17.38 kronor in 2023
kr5 kronor in 1955 kr86.92 kronor in 2023
kr10 kronor in 1955 kr173.85 kronor in 2023
kr50 kronor in 1955 kr869.24 kronor in 2023
kr100 kronor in 1955 kr1,738.48 kronor in 2023
kr500 kronor in 1955 kr8,692.4 kronor in 2023
kr1,000 kronor in 1955 kr17,384.79 kronor in 2023
kr5,000 kronor in 1955 kr86,923.96 kronor in 2023
kr10,000 kronor in 1955 kr173,847.92 kronor in 2023
kr50,000 kronor in 1955 kr869,239.58 kronor in 2023
kr100,000 kronor in 1955 kr1,738,479.16 kronor in 2023
kr500,000 kronor in 1955 kr8,692,395.81 kronor in 2023
kr1,000,000 kronor in 1955 kr17,384,791.61 kronor in 2023
Cumulative inflation From 1955 1,695.87%
Avg. annual inflation From 1955 4.27%
CPI 1955 7.41
CPI today 133.09

Value of Krona over time (by year)

Period Value
1955 100
1956 104.94
1957 109.48
1958 114.29
1959 115.2
1960 119.98
1961 122.56
1962 128.41
1963 132.09
1964 136.57
1965 143.41
1966 152.6
1967 159.15
1968 162.24
1969 166.61
1970 178.3
1971 191.48
1972 202.98
1973 216.62
1974 238.09
1975 261.38
1976 288.17
1977 321.14
1978 353.24
1979 378.7
1980 430.61
1981 482.73
1982 524.19
1983 570.7
1984 616.61
1985 662.07
1986 690.12
1987 719.02
1988 760.91
1989 809.93
1990 893.9
1991 978.32
1992 1,001.55
1993 1,048.91
1994 1,071.54
1995 1,097.85
1996 1,103.7
1997 1,110.97
1998 1,108
1999 1,113.12
2000 1,123.13
2001 1,150.15
2002 1,174.98
2003 1,197.61
2004 1,202.08
2005 1,207.53
2006 1,223.95
2007 1,251.03
2008 1,294.03
2009 1,287.63
2010 1,302.54
2011 1,341.11
2012 1,353.03
2013 1,352.43
2014 1,350
2015 1,349.36
2016 1,362.65
2017 1,387.1
2018 1,414.2
2019 1,439.43
2020 1,446.59
2021 1,477.88
2022 1,601.57
2023 1,738.48
2024-05 1,792.2
Today 1,795.87

All available years

Today's value of swedish kronor by year:

1955 | 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 |

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