Value of 1988 Swedish Kronor today

kr100 in 1988

kr194.75 in 2019

The inflation rate in Sweden between 1988 and today has been 94.75%, which translates into a total increase of kr94.75. This means that 100 kronor in 1988 are equivalent to 194.75 kronor in 2019. In other words, the purchasing power of kr100 in 1988 equals kr194.75 today. The average annual inflation rate has been 2.1%.

Inflation timeline in Sweden (1988-2019)

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 (1988-2019) 94.46%
Total Inflation* 94.75%
Annual inflation avg. (1988-2019) 2.17%
Annual inflation avg.* 2.1%
CPI 1988 54.46
CPI 2019 105.91
CPI today* 106.07
kr1 in 1988 kr1.94 in 2019

* 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 31 years between 1988 and 2019 and the average inflation rate has been 2.1048%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.02)31 = kr194.46

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 1988 was 54.46 and the CPI today is 106.07. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/54.46
= kr194.46

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1988 kr1.95 kronor today
kr5 kronor in 1988 kr9.74 kronor today
kr10 kronor in 1988 kr19.47 kronor today
kr50 kronor in 1988 kr97.37 kronor today
kr100 kronor in 1988 kr194.75 kronor today
kr500 kronor in 1988 kr973.75 kronor today
kr1,000 kronor in 1988 kr1,947.49 kronor today
kr5,000 kronor in 1988 kr9,737.47 kronor today
kr10,000 kronor in 1988 kr19,474.94 kronor today
kr50,000 kronor in 1988 kr97,374.68 kronor today
kr100,000 kronor in 1988 kr194,749.36 kronor today
kr500,000 kronor in 1988 kr973,746.8 kronor today
kr1,000,000 kronor in 1988 kr1,947,493.61 kronor today

Value of Krona in time (by year)

Period Value
1988 100
1989 105.98
1990 113
1991 125.31
1992 135.23
1993 137.75
1994 143.36
1995 146.9
1996 150
1997 149.72
1998 152.19
1999 150.34
2000 152.31
2001 153.8
2002 157.89
2003 161.18
2004 163.23
2005 163.69
2006 165.14
2007 167.84
2008 173.63
2009 175.2
2010 176.2
2011 180.32
2012 184.45
2013 184.35
2014 184.6
2015 184.02
2016 184.11
2017 187.32
2018 190.57
2019 194.46
Today 194.75