Value of 1958 Swedish Kronor today

kr100 in 1958

kr1,284.01 today

The inflation rate in Sweden between 1958 and today has been 1,184.01%, which translates into a total increase of kr1,184.01. This means that 100 kronor in 1958 are equivalent to 1,284.01 kronor in 2018. In other words, the purchasing power of kr100 in 1958 equals kr1,284.01 today. The average annual inflation rate has been 4.27%.

Inflation timeline in Sweden (1958-2019)

The following chart ilustrates the equivalence of kr100 throughout the years due to 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. 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 (1958-2018) 1,158.31%
Total Inflation* 1,184.01%
Annual inflation avg. (1958-2018) 4.31%
Annual inflation avg.* 4.27%
CPI 1958 8.25
CPI 2018 103.79
CPI today* 105.91
kr1 in 1958 kr12.58 in 2018

* 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 60 years between 1958 and 2018 and the average inflation rate has been 4.2733%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.04)60 = kr1,258.31

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 1958 was 8.25 and the CPI today is 105.91. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
103.79/8.25
= kr1,258.31

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1958 kr12.84 kronor today
kr5 kronor in 1958 kr64.2 kronor today
kr10 kronor in 1958 kr128.4 kronor today
kr50 kronor in 1958 kr642 kronor today
kr100 kronor in 1958 kr1,284.01 kronor today
kr500 kronor in 1958 kr6,420.03 kronor today
kr1,000 kronor in 1958 kr12,840.06 kronor today
kr5,000 kronor in 1958 kr64,200.3 kronor today
kr10,000 kronor in 1958 kr128,400.6 kronor today
kr50,000 kronor in 1958 kr642,003.02 kronor today
kr100,000 kronor in 1958 kr1,284,006.05 kronor today
kr500,000 kronor in 1958 kr6,420,030.24 kronor today
kr1,000,000 kronor in 1958 kr12,840,060.47 kronor today

Value of Krona in time (by year)

Period Value
1958 100
1959 103.18
1960 104.55
1961 108.56
1962 111.03
1963 116.64
1964 120.26
1965 124.95
1966 132.42
1967 139.23
1968 143.96
1969 146.85
1970 152.52
1971 164.9
1972 176.62
1973 187.66
1974 201.76
1975 225.12
1976 245.12
1977 267.82
1978 302.76
1979 325.08
1980 356.8
1981 407.21
1982 444.39
1983 487.26
1984 532.1
1985 575.51
1986 607.89
1987 628.09
1988 660.28
1989 699.78
1990 746.09
1991 827.42
1992 892.92
1993 909.52
1994 946.58
1995 969.95
1996 990.42
1997 988.56
1998 1,004.85
1999 992.66
2000 1,005.7
2001 1,015.53
2002 1,042.53
2003 1,064.24
2004 1,077.78
2005 1,080.8
2006 1,090.35
2007 1,108.19
2008 1,146.45
2009 1,156.78
2010 1,163.44
2011 1,190.64
2012 1,217.87
2013 1,217.22
2014 1,218.88
2015 1,215.05
2016 1,215.67
2017 1,236.83
2018 1,258.31
Today 1,284.01