kr

# Value of 1967 Swedish Kronor today

kr100 in 1967
kr1,123.31 in 2024

The inflation rate in Sweden between 1967 and today has been 1,023.31%, which translates into a total increase of kr1,023.31. This means that 100 kronor in 1967 are equivalent to 1,123.31 kronor in 2024. In other words, the purchasing power of kr100 in 1967 equals kr1,123.31 today. The average annual inflation rate between these periods has been 4.33%.

## Inflation timeline in Sweden (1967 - 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 1967-2023 992.38%
Cumulative inflation 1967-today 1,023.31%
Avg. Annual inflation 1967-2023 4.36%
CPI 1967 11.79
CPI 2023 128.84
CPI 2024-03 (latest official data) 132.21
CPI today 132.49

## 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 1967 and 2023, use the corresponding CPI values:

Value2023
=Value1967 ×
CPI2023/CPI1967
=kr 100 ×
128.84/11.79
kr1,092.38

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 132.49:

Valuetoday
=Value1967 ×
CPItoday/CPI1967
=kr 100 ×
132.49/11.79
kr1,123.31

### 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 56 years between 1967 and 2023 and the average inflation rate was 4.362%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.04362)56
kr1,092.38

## Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1967 kr10.92 kronor in 2023
kr5 kronor in 1967 kr54.62 kronor in 2023
kr10 kronor in 1967 kr109.24 kronor in 2023
kr50 kronor in 1967 kr546.19 kronor in 2023
kr100 kronor in 1967 kr1,092.38 kronor in 2023
kr500 kronor in 1967 kr5,461.9 kronor in 2023
kr1,000 kronor in 1967 kr10,923.81 kronor in 2023
kr5,000 kronor in 1967 kr54,619.03 kronor in 2023
kr10,000 kronor in 1967 kr109,238.06 kronor in 2023
kr50,000 kronor in 1967 kr546,190.31 kronor in 2023
kr100,000 kronor in 1967 kr1,092,380.62 kronor in 2023
kr500,000 kronor in 1967 kr5,461,903.11 kronor in 2023
kr1,000,000 kronor in 1967 kr10,923,806.23 kronor in 2023
 Cumulative inflation From 1967 1,023.31% Avg. annual inflation From 1967 4.33% CPI 1967 11.79 CPI today 132.49

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

Period Value
1967 100
1968 101.94
1969 104.69
1970 112.03
1971 120.32
1972 127.55
1973 136.11
1974 149.61
1975 164.24
1976 181.07
1977 201.79
1978 221.96
1979 237.96
1980 270.58
1981 303.33
1982 329.38
1983 358.6
1984 387.45
1985 416.02
1986 433.64
1987 451.8
1988 478.12
1989 508.93
1990 561.68
1991 614.73
1992 629.33
1993 659.08
1994 673.31
1995 689.84
1996 693.52
1997 698.08
1998 696.22
1999 699.44
2000 705.72
2001 722.7
2002 738.3
2003 752.52
2004 755.33
2005 758.76
2006 769.08
2007 786.09
2008 813.11
2009 809.09
2010 818.46
2011 842.69
2012 850.18
2013 849.8
2014 848.28
2015 847.88
2016 856.22
2017 871.59
2018 888.62
2019 904.47
2020 908.97
2021 928.63
2022 1,006.35
2023 1,092.38
2024-03 1,120.94
Today 1,123.31

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 |

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