Sweden Inflation Calculator

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Result: kr100 in 1961 → kr1,195.37 in 2020


Why a krona today is worth only 8% of a krona in 1961

Updated: June 11, 2020

According to the World Bank consumer price index for Sweden, today's prices in 2020 are 1,095.37% higher than average prices since 1961. This means that a krona today only buys 8.37% of what it could buy in 1961. The Swedish Krona experienced an average inflation rate of 4.29% per year during this period, causing the real value of a krona to decrease.

In other words, kr100 in 1961 is equivalent in purchasing power to about kr1,195.37 in 2020, a difference of kr1,095.37 over 59 years. This inflation data is collected by the World Bank and is specific to Sweden.

The 1961 inflation rate was 2.16%. The current year-over-year inflation rate (2019 to 2020) is now 1.78%1. If this number holds, kr100 today will be equivalent in buying power to kr101.78 next year.


Inflation from 1961 to 2020
Cumulative price change 1,095.37%
Average inflation rate 4.29%
Converted amount (kr100 base) kr1,195.37
Price difference (kr100 base) kr1,095.37
CPI in 1961 9.410
CPI in 2020 112.481
Inflation in 1961 2.16%
Inflation in 2020 1.78%

SEK Inflation since 1960
Annual Rate, the World Bank CPI
Download

Buying power of kr100 in 1961

This chart shows a calculation of buying power equivalence for kr100 in 1961 (price index tracking began in 1960).

For example, if you started with kr100, you would need to end with kr1,195.37 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When kr100 is equivalent to kr1,195.37 over time, that means that the "real value" of a single Swedish krona decreases over time. In other words, a krona will pay for fewer items at the store.

This effect explains how inflation erodes the value of a krona over time. By calculating the value in 1961 dollars, the chart below shows how kr100 is worth less over 59 years.

According to the World Bank, each of these SEK amounts below is equal in terms of what it could buy at the time:

Krona inflation: 1961-2020
Year Krona Value Inflation Rate
1961 kr100.00 2.16%
1962 kr104.77 4.77%
1963 kr107.77 2.87%
1964 kr111.43 3.39%
1965 kr117.01 5.01%
1966 kr124.51 6.40%
1967 kr129.85 4.29%
1968 kr132.37 1.94%
1969 kr135.93 2.69%
1970 kr145.47 7.02%
1971 kr156.23 7.40%
1972 kr165.61 6.01%
1973 kr176.74 6.72%
1974 kr194.26 9.91%
1975 kr213.26 9.78%
1976 kr235.11 10.25%
1977 kr262.01 11.44%
1978 kr288.20 10.00%
1979 kr308.98 7.21%
1980 kr351.33 13.71%
1981 kr393.86 12.10%
1982 kr427.69 8.59%
1983 kr465.63 8.87%
1984 kr503.09 8.04%
1985 kr540.18 7.37%
1986 kr563.06 4.24%
1987 kr586.65 4.19%
1988 kr620.82 5.82%
1989 kr660.82 6.44%
1990 kr729.33 10.37%
1991 kr798.21 9.44%
1992 kr817.16 2.37%
1993 kr855.80 4.73%
1994 kr874.27 2.16%
1995 kr895.73 2.46%
1996 kr900.51 0.53%
1997 kr906.43 0.66%
1998 kr904.01 -0.27%
1999 kr908.19 0.46%
2000 kr916.36 0.90%
2001 kr938.40 2.41%
2002 kr958.66 2.16%
2003 kr977.12 1.93%
2004 kr980.77 0.37%
2005 kr985.22 0.45%
2006 kr998.62 1.36%
2007 kr1,020.71 2.21%
2008 kr1,055.79 3.44%
2009 kr1,050.57 -0.49%
2010 kr1,062.74 1.16%
2011 kr1,094.20 2.96%
2012 kr1,103.92 0.89%
2013 kr1,103.44 -0.04%
2014 kr1,101.45 -0.18%
2015 kr1,100.94 -0.05%
2016 kr1,111.77 0.98%
2017 kr1,131.73 1.79%
2018 kr1,153.83 1.95%
2019 kr1,174.42 1.78%
2020 kr1,195.37 1.78%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 53 more rows

This conversion table shows various other 1961 amounts in today's kronor, based on the 1,095.37% change in prices:

Conversion Table: Value of a krona today
Initial value Equivalent value
kr1 krona in 1961 kr11.95 kronor today
kr5 kronor in 1961 kr59.77 kronor today
kr10 kronor in 1961 kr119.54 kronor today
kr50 kronor in 1961 kr597.69 kronor today
kr100 kronor in 1961 kr1,195.37 kronor today
kr500 kronor in 1961 kr5,976.87 kronor today
kr1,000 kronor in 1961 kr11,953.74 kronor today
kr5,000 kronor in 1961 kr59,768.69 kronor today
kr10,000 kronor in 1961 kr119,537.37 kronor today
kr50,000 kronor in 1961 kr597,686.86 kronor today
kr100,000 kronor in 1961 kr1,195,373.72 kronor today
kr500,000 kronor in 1961 kr5,976,868.62 kronor today
kr1,000,000 kronor in 1961 kr11,953,737.24 kronor today

How to Calculate Inflation Rate for kr100 since 1961

Our calculations use the following inflation rate formula to calculate the change in value between 1961 and today:

CPI today CPI in 1961
×
1961 SEK value
=
Today's value

Then plug in historical CPI values. The Swedish CPI was 9.4096824229 in the year 1961 and 112.48087116868662 in 2020:

112.480871168686629.4096824229
×
kr100
=
kr1,195.37

kr100 in 1961 has the same "purchasing power" or "buying power" as kr1,195.37 in 2020.

To get the total inflation rate for the 59 years between 1961 and 2020, we use the following formula:

CPI in 2020 - CPI in 1961CPI in 1961
×
100
=
Cumulative inflation rate (59 years)

Plugging in the values to this equation, we get:

112.48087116868662 - 9.40968242299.4096824229
×
100
=
1,095%

News headlines from 1961

Politics and news often influence economic performance. Here's what was happening at the time:

  • A dog named Chernushka, frogs, and a guinea pig orbit the Earth in the Soviet flight Sputnik 9.
  • Nelson Mandela is acquitted of treason after a four-and-a-half year trial.

Data Source & Citation

You may use the following MLA citation for this page: “Sweden Inflation Calculator: World Bank data, 1961-2020 (SEK).” Official Inflation Data, Alioth Finance, 1 Jul. 2020, https://www.officialdata.org/sweden/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1961 to 2020
Cumulative price change 1,095.37%
Average inflation rate 4.29%
Converted amount (kr100 base) kr1,195.37
Price difference (kr100 base) kr1,095.37
CPI in 1961 9.410
CPI in 2020 112.481
Inflation in 1961 2.16%
Inflation in 2020 1.78%