kr

Value of 1996 Swedish Kronor today

kr100 in 1996
kr156.06 in 2023

The inflation rate in Sweden between 1996 and today has been 56.06%, which translates into a total increase of kr56.06. This means that 100 kronor in 1996 are equivalent to 156.06 kronor in 2023. In other words, the purchasing power of kr100 in 1996 equals kr156.06 today. The average annual inflation rate between these periods has been 1.66%.

Inflation timeline in Sweden (1996 - 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 1996-2022 45.11%
Cumulative inflation 1996-today 56.06%
Avg. Annual inflation 1996-2022 1.44%
CPI 1996 81.79
CPI 2022 118.69
CPI 2022-12 (latest official data) 126.37
CPI today 127.65

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 1996 and 2022, use the corresponding CPI values:

Value2022
=Value1996 ×
CPI2022/CPI1996
=kr 100 ×
118.69/81.79
kr145.11

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.65:

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=kr 100 ×
127.65/81.79
kr156.06

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 26 years between 1996 and 2022 and the average inflation rate was 1.4423%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=kr100 × (1 + 0.014423)26
kr145.11

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1996 kr1.45 kronor in 2022
kr5 kronor in 1996 kr7.26 kronor in 2022
kr10 kronor in 1996 kr14.51 kronor in 2022
kr50 kronor in 1996 kr72.55 kronor in 2022
kr100 kronor in 1996 kr145.11 kronor in 2022
kr500 kronor in 1996 kr725.54 kronor in 2022
kr1,000 kronor in 1996 kr1,451.08 kronor in 2022
kr5,000 kronor in 1996 kr7,255.42 kronor in 2022
kr10,000 kronor in 1996 kr14,510.85 kronor in 2022
kr50,000 kronor in 1996 kr72,554.23 kronor in 2022
kr100,000 kronor in 1996 kr145,108.45 kronor in 2022
kr500,000 kronor in 1996 kr725,542.26 kronor in 2022
kr1,000,000 kronor in 1996 kr1,451,084.51 kronor in 2022
Cumulative inflation From 1996 56.06%
Avg. annual inflation From 1996 1.66%
CPI 1996 81.79
CPI today 127.65

Value of Krona over time (by year)

Period Value
1996 100
1997 100.66
1998 100.39
1999 100.85
2000 101.76
2001 104.21
2002 106.46
2003 108.51
2004 108.91
2005 109.41
2006 110.9
2007 113.35
2008 117.24
2009 116.66
2010 118.02
2011 121.51
2012 122.59
2013 122.54
2014 122.32
2015 122.26
2016 123.46
2017 125.68
2018 128.13
2019 130.42
2020 131.07
2021 133.9
2022 145.11
2022-12 154.49
Today 156.06

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 |

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