kr

Value of 2008 Swedish Kronor today

kr100 in 2008
kr138.81 in 2024

The inflation rate in Sweden between 2008 and today has been 38.81%, which translates into a total increase of kr38.81. This means that 100 kronor in 2008 are equivalent to 138.81 kronor in 2024. In other words, the purchasing power of kr100 in 2008 equals kr138.81 today. The average annual inflation rate between these periods has been 2.07%.

Inflation timeline in Sweden (2008 - 2024)

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 2008-2023 34.35%
Cumulative inflation 2008-today 38.81%
Avg. Annual inflation 2008-2023 1.99%
CPI 2008 95.9
CPI 2023 128.84
CPI 2024-05 (latest official data) 132.82
CPI today 133.12

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 2008 and 2023, use the corresponding CPI values:

Value2023
=Value2008 ×
CPI2023/CPI2008
=kr 100 ×
128.84/95.9
kr134.35

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 133.12:

Valuetoday
=Value2008 ×
CPItoday/CPI2008
=kr 100 ×
133.12/95.9
kr138.81

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 15 years between 2008 and 2023 and the average inflation rate was 1.9878%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=kr100 × (1 + 0.019878)15
kr134.35

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 2008 kr1.34 kronor in 2023
kr5 kronor in 2008 kr6.72 kronor in 2023
kr10 kronor in 2008 kr13.43 kronor in 2023
kr50 kronor in 2008 kr67.17 kronor in 2023
kr100 kronor in 2008 kr134.35 kronor in 2023
kr500 kronor in 2008 kr671.73 kronor in 2023
kr1,000 kronor in 2008 kr1,343.46 kronor in 2023
kr5,000 kronor in 2008 kr6,717.32 kronor in 2023
kr10,000 kronor in 2008 kr13,434.63 kronor in 2023
kr50,000 kronor in 2008 kr67,173.15 kronor in 2023
kr100,000 kronor in 2008 kr134,346.31 kronor in 2023
kr500,000 kronor in 2008 kr671,731.54 kronor in 2023
kr1,000,000 kronor in 2008 kr1,343,463.08 kronor in 2023
Cumulative inflation From 2008 38.81%
Avg. annual inflation From 2008 2.07%
CPI 2008 95.9
CPI today 133.12

Value of Krona over time (by year)

Period Value
2008 100
2009 99.51
2010 100.66
2011 103.64
2012 104.56
2013 104.51
2014 104.33
2015 104.28
2016 105.3
2017 107.19
2018 109.29
2019 111.24
2020 111.79
2021 114.21
2022 123.77
2023 134.35
2024-05 138.5
Today 138.81

All available years

Today's value of swedish kronor by year:

1955 | 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 | 2023 |

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