# Sweden Inflation Calculator

kr

Result: kr100 in 2019 → kr121.63 in 2023

## Value of kr100 from 2019 to 2023

Updated: November 14, 2023

kr100 in 2019 is equivalent in purchasing power to about kr121.63 today, an increase of kr21.63 over 4 years. The krona had an average inflation rate of 5.02% per year between 2019 and today, producing a cumulative price increase of 21.63%.

This means that today's prices are 1.22 times as high as average prices since 2019, according to the OECD and the World Bank consumer price index for Sweden. A krona today only buys 82.217% of what it could buy back then.

The inflation rate in 2019 was 1.78%. The current inflation rate compared to last year is now 6.48%. If this number holds, kr100 today will be equivalent in buying power to kr106.48 next year.

 Cumulative price change 21.63% Average inflation rate 5.02% Converted amountkr100 base kr121.63 Price differencekr100 base kr21.63 CPI in 2019 106.675 CPI in 2023 129.749 Inflation in 2019 1.78% Inflation in 2023 6.48% kr100 in 2019 kr121.63 in 2023

SEK inflation since 2019
Annual Rate, the OECD and the World Bank CPI

## Buying power of kr100 in 2019

This chart shows a calculation of buying power equivalence for kr100 in 2019 (price index tracking began in 1955).

For example, if you started with kr100, you would need to end with kr121.63 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When kr100 is equivalent to kr121.63 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 2019 dollars, the chart below shows how kr100 is worth less over 4 years.

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

Krona inflation: 2019-2023
YearKrona ValueInflation Rate
2019kr100.001.78%
2020kr100.500.50%
2021kr102.672.16%
2022kr111.268.37%
2023kr121.639.32%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2019 amounts in today's kronor, based on the 21.63% change in prices:

Conversion: 2019 kronor today
Initial valueEquivalent value
kr1 krona in 2019kr1.22 kronor today
kr5 kronor in 2019kr6.08 kronor today
kr10 kronor in 2019kr12.16 kronor today
kr50 kronor in 2019kr60.82 kronor today
kr100 kronor in 2019kr121.63 kronor today
kr500 kronor in 2019kr608.15 kronor today
kr1,000 kronor in 2019kr1,216.31 kronor today
kr5,000 kronor in 2019kr6,081.54 kronor today
kr10,000 kronor in 2019kr12,163.08 kronor today
kr50,000 kronor in 2019kr60,815.42 kronor today
kr100,000 kronor in 2019kr121,630.85 kronor today
kr500,000 kronor in 2019kr608,154.24 kronor today
kr1,000,000 kronor in 2019kr1,216,308.49 kronor today

## How to calculate inflation rate for kr100 since 2019

Our calculations use the following inflation rate formula to calculate the change in value between 2019 and today:

CPI today CPI in 2019
×
2019 SEK value
=
Today's value

Then plug in historical CPI values. The Swedish CPI was 106.6745 in the year 2019 and 129.7491 in 2023:

129.7491106.6745
×
kr100
=
kr121.63

kr100 in 2019 has the same "purchasing power" or "buying power" as kr121.63 in 2023.

To get the total inflation rate for the 4 years between 2019 and 2023, we use the following formula:

CPI in 2023 - CPI in 2019CPI in 2019
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

129.7491 - 106.6745106.6745
×
100
=
22%

## Data source & citation

You may use the following MLA citation for this page: “kr100 in 2019 → 2023 | Sweden Inflation Calculator.” Official Inflation Data, Alioth Finance, 1 Dec. 2023, https://www.officialdata.org/sweden/inflation/2019?amount=100.

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.