Value of 1956 Swedish Kronor today

kr25 in 1956

kr353.17 in 2021

The inflation rate in Sweden between 1956 and today has been 1,312.7%, which translates into a total increase of kr328.17. This means that 25 kronor in 1956 are equivalent to 353.17 kronor in 2021. In other words, the purchasing power of kr25 in 1956 equals kr353.17 today. The average annual inflation rate has been 4.09%.

Inflation timeline in Sweden (1956-2021)

The following chart depicts the equivalence of kr25 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 (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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1956-2021) 1,312.31%
Total Inflation* 1,312.7%
Annual inflation avg. (1956-2021) 4.16%
Annual inflation avg.* 4.09%
CPI 1956 7.67
CPI 2021 108.3
CPI today* 108.33
kr1 in 1956 kr14.12 in 2021

* 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 with 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 kr25 worth today. There are 65 years between 1956 and 2021 and the average inflation rate has been 4.0938%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr25 * (1 + 0.04)65 = kr353.08

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 the CPI today is 108.33. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr25 *
108.3/7.67
= kr353.08

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1956 kr14.13 kronor today
kr5 kronor in 1956 kr70.63 kronor today
kr10 kronor in 1956 kr141.27 kronor today
kr50 kronor in 1956 kr706.35 kronor today
kr100 kronor in 1956 kr1,412.7 kronor today
kr500 kronor in 1956 kr7,063.49 kronor today
kr1,000 kronor in 1956 kr14,126.99 kronor today
kr5,000 kronor in 1956 kr70,634.94 kronor today
kr10,000 kronor in 1956 kr141,269.88 kronor today
kr50,000 kronor in 1956 kr706,349.4 kronor today
kr100,000 kronor in 1956 kr1,412,698.8 kronor today
kr500,000 kronor in 1956 kr7,063,494.02 kronor today
kr1,000,000 kronor in 1956 kr14,126,988.03 kronor today

Value of Krona over time (by year)

Period Value
1956 25
1957 25.9
1958 26.89
1959 27.75
1960 28.12
1961 29.19
1962 29.86
1963 31.37
1964 32.34
1965 33.6
1966 35.61
1967 37.44
1968 38.71
1969 39.49
1970 41.02
1971 44.35
1972 47.5
1973 50.47
1974 54.26
1975 60.54
1976 65.92
1977 72.02
1978 81.42
1979 87.42
1980 95.96
1981 109.51
1982 119.51
1983 131.04
1984 143.1
1985 154.77
1986 163.48
1987 168.91
1988 177.57
1989 188.19
1990 200.65
1991 222.52
1992 240.13
1993 244.6
1994 254.57
1995 260.85
1996 266.35
1997 265.85
1998 270.23
1999 266.96
2000 270.46
2001 273.11
2002 280.37
2003 286.21
2004 289.85
2005 290.66
2006 293.23
2007 298.03
2008 308.32
2009 311.09
2010 312.88
2011 320.2
2012 327.52
2013 327.35
2014 327.79
2015 326.76
2016 326.93
2017 332.62
2018 338.4
2019 345.31
2020 351.35
2021 353.08
Today 353.17