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Value of 2017 Swedish Kronor today

kr100 in 2017
kr124.13 in 2023

The inflation rate in Sweden between 2017 and today has been 24.13%, which translates into a total increase of kr24.13. This means that 100 kronor in 2017 are equivalent to 124.13 kronor in 2023. In other words, the purchasing power of kr100 in 2017 equals kr124.13 today. The average annual inflation rate between these periods has been 3.67%.

Inflation timeline in Sweden (2017 - 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 2017-2022 15.46%
Cumulative inflation 2017-today 24.13%
Avg. Annual inflation 2017-2022 2.92%
CPI 2017 102.8
CPI 2022 118.69
CPI 2022-12 (latest official data) 126.37
CPI today 127.6

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 2017 and 2022, use the corresponding CPI values:

Value2022
=Value2017 ×
CPI2022/CPI2017
=kr 100 ×
118.69/102.8
kr115.46

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.6:

Valuetoday
=Value2017 ×
CPItoday/CPI2017
=kr 100 ×
127.6/102.8
kr124.13

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 5 years between 2017 and 2022 and the average inflation rate was 2.9171%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=kr100 × (1 + 0.029171)5
kr115.46

Sweden inflation - Conversion table

Initial Value Equivalent value
kr1 krona in 2017 kr1.15 kronor in 2022
kr5 kronor in 2017 kr5.77 kronor in 2022
kr10 kronor in 2017 kr11.55 kronor in 2022
kr50 kronor in 2017 kr57.73 kronor in 2022
kr100 kronor in 2017 kr115.46 kronor in 2022
kr500 kronor in 2017 kr577.31 kronor in 2022
kr1,000 kronor in 2017 kr1,154.62 kronor in 2022
kr5,000 kronor in 2017 kr5,773.09 kronor in 2022
kr10,000 kronor in 2017 kr11,546.17 kronor in 2022
kr50,000 kronor in 2017 kr57,730.86 kronor in 2022
kr100,000 kronor in 2017 kr115,461.73 kronor in 2022
kr500,000 kronor in 2017 kr577,308.64 kronor in 2022
kr1,000,000 kronor in 2017 kr1,154,617.28 kronor in 2022
Cumulative inflation From 2017 24.13%
Avg. annual inflation From 2017 3.67%
CPI 2017 102.8
CPI today 127.6

Value of Krona over time (by year)

Period Value
2017 100
2018 101.95
2019 103.77
2020 104.29
2021 106.54
2022 115.46
2022-12 122.93
Today 124.13

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 |

Other currencies: