Value of 1998 Swedish Kronor today

kr100 in 1998

kr130.7 today

The inflation rate in Sweden between 1998 and today has been 30.7%, which translates into a total increase of kr30.7. This means that 100 kronor in 1998 are equivalent to 130.7 kronor in 2021. In other words, the purchasing power of kr100 in 1998 equals kr130.7 today. The average annual inflation rate has been 1.12%.

Inflation timeline in Sweden (1998-2022)

The following chart depicts the equivalence of kr100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1998-2021) 30.66%
Total Inflation* 30.7%
Annual inflation avg. (1998-2021) 1.17%
Annual inflation avg.* 1.12%
CPI 1998 82.89
CPI 2021 108.3
CPI today* 108.33
kr1 in 1998 kr1.31 in 2021

* 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 with 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 23 years between 1998 and 2021 and the average inflation rate has been 1.1218%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = kr100 * (1 + 0.01)23 = kr130.66

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 1998 was 82.89 and the CPI today is 108.33. Therefore,

Final value = Initial value *
CPI final/CPI initial
= kr100 *
= kr130.66

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 1998 kr1.31 kronor today
kr5 kronor in 1998 kr6.54 kronor today
kr10 kronor in 1998 kr13.07 kronor today
kr50 kronor in 1998 kr65.35 kronor today
kr100 kronor in 1998 kr130.7 kronor today
kr500 kronor in 1998 kr653.5 kronor today
kr1,000 kronor in 1998 kr1,307.01 kronor today
kr5,000 kronor in 1998 kr6,535.04 kronor today
kr10,000 kronor in 1998 kr13,070.07 kronor today
kr50,000 kronor in 1998 kr65,350.37 kronor today
kr100,000 kronor in 1998 kr130,700.73 kronor today
kr500,000 kronor in 1998 kr653,503.65 kronor today
kr1,000,000 kronor in 1998 kr1,307,007.3 kronor today

Value of Krona over time (by year)

Period Value
1998 100
1999 98.79
2000 100.08
2001 101.06
2002 103.75
2003 105.91
2004 107.26
2005 107.56
2006 108.51
2007 110.28
2008 114.09
2009 115.12
2010 115.78
2011 118.49
2012 121.2
2013 121.13
2014 121.3
2015 120.92
2016 120.98
2017 123.09
2018 125.22
2019 127.78
2020 130.02
2021 130.66
Today 130.7