kr

Value of 1988 Swedish Kronor today

kr100 in 1988
kr226.44 in 2023

The inflation rate in Sweden between 1988 and today has been 126.44%, which translates into a total increase of kr126.44. This means that 100 kronor in 1988 are equivalent to 226.44 kronor in 2023. In other words, the purchasing power of kr100 in 1988 equals kr226.44 today. The average annual inflation rate between these periods has been 2.36%.

Inflation timeline in Sweden (1988 - 2023)

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 1988-2022 110.48%
Cumulative inflation 1988-today 126.44%
Avg. Annual inflation 1988-2022 2.21%
CPI 1988 56.39
CPI 2022 118.69
CPI 2022-12 (latest official data) 126.37
CPI today 127.69

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 1988 and 2022, use the corresponding CPI values:

Value2022
=Value1988 ×
CPI2022/CPI1988
=kr 100 ×
118.69/56.39
kr210.48

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.69:

Valuetoday
=Value1988 ×
CPItoday/CPI1988
=kr 100 ×
127.69/56.39
kr226.44

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 34 years between 1988 and 2022 and the average inflation rate was 2.213%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=kr100 × (1 + 0.02213)34
kr210.48

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1988 kr2.1 kronor in 2022
kr5 kronor in 1988 kr10.52 kronor in 2022
kr10 kronor in 1988 kr21.05 kronor in 2022
kr50 kronor in 1988 kr105.24 kronor in 2022
kr100 kronor in 1988 kr210.48 kronor in 2022
kr500 kronor in 1988 kr1,052.41 kronor in 2022
kr1,000 kronor in 1988 kr2,104.81 kronor in 2022
kr5,000 kronor in 1988 kr10,524.07 kronor in 2022
kr10,000 kronor in 1988 kr21,048.13 kronor in 2022
kr50,000 kronor in 1988 kr105,240.66 kronor in 2022
kr100,000 kronor in 1988 kr210,481.32 kronor in 2022
kr500,000 kronor in 1988 kr1,052,406.6 kronor in 2022
kr1,000,000 kronor in 1988 kr2,104,813.19 kronor in 2022
Cumulative inflation From 1988 126.44%
Avg. annual inflation From 1988 2.36%
CPI 1988 56.39
CPI today 127.69

Value of Krona over time (by year)

Period Value
1988 100
1989 106.44
1990 117.48
1991 128.57
1992 131.63
1993 137.85
1994 140.82
1995 144.28
1996 145.05
1997 146.01
1998 145.62
1999 146.29
2000 147.6
2001 151.16
2002 154.42
2003 157.39
2004 157.98
2005 158.7
2006 160.85
2007 164.41
2008 170.06
2009 169.22
2010 171.18
2011 176.25
2012 177.82
2013 177.74
2014 177.42
2015 177.34
2016 179.08
2017 182.3
2018 185.86
2019 189.17
2020 190.11
2021 194.23
2022 210.48
2022-12 224.09
Today 226.44

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 |

Other currencies: