kr

kr100 in 1961 → kr1,304.83 in 2020

Result: kr100 in 1961 → kr1,304.83 in 2020

Danish Inflation Rate, kr100 in 1961 to 2020

Updated: January 15, 2020

According to the World Bank consumer price index for Denmark, today's prices in 2020 are 1,204.83% higher than average prices since 1961. The Danish Krone experienced an average inflation rate of 4.45% per year during this period, meaning the real value of a krone decreased.

In other words, kr100 in 1961 is equivalent in purchasing power to about kr1,304.83 in 2020, a difference of kr1,204.83 over 59 years. This inflation data is collected by the World Bank and is specific to Denmark.

The 1961 inflation rate was 3.45%. The current inflation rate (2019 to 2020) is now 0.81%1. If this number holds, kr100 today will be equivalent in buying power to kr100.81 next year.

 Cumulative price change 1,204.83% Average inflation rate 4.45% Converted amount (kr100 base) kr1,304.83 Price difference (kr100 base) kr1,204.83 CPI in 1961 8.530 CPI in 2020 111.306 Inflation in 1961 3.45% Inflation in 2020 0.81%

DKK Inflation since 1960
Annual Rate, the World Bank CPI

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 kr1,304.83 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When kr100 is equivalent to kr1,304.83 over time, that means that the "real value" of a single Danish krone decreases over time. In other words, a krone will pay for fewer items at the store.

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

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

Year Krone Value Inflation Rate
1961 kr100.00 3.45%
1962 kr107.38 7.38%
1963 kr113.93 6.11%
1964 kr117.46 3.09%
1965 kr123.86 5.45%
1966 kr132.61 7.06%
1967 kr143.49 8.21%
1968 kr154.98 8.01%
1969 kr160.39 3.49%
1970 kr170.83 6.51%
1971 kr180.86 5.87%
1972 kr192.73 6.56%
1973 kr210.66 9.30%
1974 kr242.84 15.28%
1975 kr266.17 9.61%
1976 kr290.15 9.01%
1977 kr321.84 10.92%
1978 kr354.71 10.21%
1979 kr388.80 9.61%
1980 kr436.65 12.31%
1981 kr488.03 11.77%
1982 kr537.42 10.12%
1983 kr574.55 6.91%
1984 kr610.69 6.29%
1985 kr639.26 4.68%
1986 kr662.78 3.68%
1987 kr689.42 4.02%
1988 kr720.69 4.54%
1989 kr755.08 4.77%
1990 kr775.03 2.64%
1991 kr793.59 2.40%
1992 kr810.23 2.10%
1993 kr820.42 1.26%
1994 kr836.76 1.99%
1995 kr854.20 2.08%
1996 kr872.36 2.13%
1997 kr891.40 2.18%
1998 kr907.85 1.85%
1999 kr930.52 2.50%
2000 kr957.54 2.90%
2001 kr979.93 2.34%
2002 kr1,003.68 2.42%
2003 kr1,024.51 2.08%
2004 kr1,036.34 1.15%
2005 kr1,055.18 1.82%
2006 kr1,075.48 1.92%
2007 kr1,093.69 1.69%
2008 kr1,131.05 3.42%
2009 kr1,145.81 1.30%
2010 kr1,172.29 2.31%
2011 kr1,204.63 2.76%
2012 kr1,233.52 2.40%
2013 kr1,243.25 0.79%
2014 kr1,250.26 0.56%
2015 kr1,255.91 0.45%
2016 kr1,259.05 0.25%
2017 kr1,273.50 1.15%
2018 kr1,283.86 0.81%
2019 kr1,294.30 0.81%
2020 kr1,304.83 0.81%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 53 more rows

How to Calculate Inflation Rate for kr100 since 1961

This inflation calculator uses the following inflation rate formula:

CPI in 2020CPI in 1961
×
1961 DKK value
=
2020 DKK value

Then plug in historical CPI values. The Danish CPI was 8.5303131148 in the year 1961 and 111.30633848348985 in 2020:

111.306338483489858.5303131148
×
kr100
=
kr1,304.83

kr100 in 1961 has the same "purchasing power" or "buying power" as kr1,304.83 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:

111.30633848348985 - 8.53031311488.5303131148
×
100
=
1,205%

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: “Denmark Inflation Calculator: World Bank data, 1961-2020 (DKK).” Official Inflation Data, Alioth Finance, 20 Jan. 2020, https://www.officialdata.org/denmark/inflation.