Value of 1991 Swedish Kronor today

kr100 in 1991

kr155.37 in 2019

The inflation rate in Sweden between 1991 and today has been 55.37%, which translates into a total increase of kr55.37. This means that 100 kronor in 1991 are equivalent to 155.37 kronor in 2019. In other words, the purchasing power of kr100 in 1991 equals kr155.37 today. The average annual inflation rate has been 1.53%.

Inflation timeline in Sweden (1991-2019)

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 (1991-2019) 55.18%
Total Inflation* 55.37%
Annual inflation avg. (1991-2019) 1.58%
Annual inflation avg.* 1.53%
CPI 1991 68.25
CPI 2019 105.91
CPI today* 106.04
kr1 in 1991 kr1.55 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 28 years between 1991 and 2019 and the average inflation rate has been 1.5311%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.02)28 = kr155.18

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 1991 was 68.25 and the CPI today is 106.04. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
105.91/68.25
= kr155.18

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1991 kr1.55 kronor today
kr5 kronor in 1991 kr7.77 kronor today
kr10 kronor in 1991 kr15.54 kronor today
kr50 kronor in 1991 kr77.69 kronor today
kr100 kronor in 1991 kr155.37 kronor today
kr500 kronor in 1991 kr776.87 kronor today
kr1,000 kronor in 1991 kr1,553.75 kronor today
kr5,000 kronor in 1991 kr7,768.73 kronor today
kr10,000 kronor in 1991 kr15,537.45 kronor today
kr50,000 kronor in 1991 kr77,687.26 kronor today
kr100,000 kronor in 1991 kr155,374.52 kronor today
kr500,000 kronor in 1991 kr776,872.59 kronor today
kr1,000,000 kronor in 1991 kr1,553,745.17 kronor today

Value of Krona in time (by year)

Period Value
1991 100
1992 107.92
1993 109.92
1994 114.4
1995 117.23
1996 119.7
1997 119.48
1998 121.44
1999 119.97
2000 121.55
2001 122.73
2002 126
2003 128.62
2004 130.26
2005 130.62
2006 131.78
2007 133.93
2008 138.56
2009 139.81
2010 140.61
2011 143.9
2012 147.19
2013 147.11
2014 147.31
2015 146.85
2016 146.92
2017 149.48
2018 152.08
2019 155.18
Today 155.37