# Denmark Inflation Calculator

kr

Result: kr100 in 1960 → kr1,547.70 in 2024

## The Danish Krone has lost 94% its value since 1960

Updated: August 14, 2024

kr100 in 1960 is equivalent in purchasing power to about kr1,547.70 today, an increase of kr1,447.70 over 64 years. The krone had an average inflation rate of 4.37% per year between 1960 and today, producing a cumulative price increase of 1,447.70%.

This means that today's prices are 15.48 times as high as average prices since 1960, according to the OECD and the World Bank consumer price index for Denmark. A krone today only buys 6.461% of what it could buy back then.

The inflation rate in 1960 was 1.26%. The current inflation rate compared to the end of last year is now 0.52%. If this number holds, kr100 today will be equivalent in buying power to kr100.52 next year.

 Cumulative price change 1,447.70% Average inflation rate 4.37% Converted amountkr100 base kr1,547.70 Price differencekr100 base kr1,447.70 CPI in 1960 7.697 CPI in 2024 119.122 Inflation in 1960 1.26% Inflation in 2024 0.52% kr100 in 1960 kr1,547.70 in 2024

DKK inflation since 1960
Annual Rate, the OECD and the World Bank CPI

## Buying power of kr100 in 1960

This chart shows a calculation of buying power equivalence for kr100 in 1960 (price index tracking began in 1959).

For example, if you started with kr100, you would need to end with kr1,547.70 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When kr100 is equivalent to kr1,547.70 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 1960 dollars, the chart below shows how kr100 is worth less over 64 years.

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

Krone inflation: 1960-2024
YearKrone ValueInflation Rate
1960kr100.001.26%
1961kr103.453.45%
1962kr111.087.38%
1963kr117.876.11%
1964kr121.513.09%
1965kr128.135.45%
1966kr137.197.06%
1967kr148.458.21%
1968kr160.338.01%
1969kr165.923.49%
1970kr176.736.51%
1971kr187.115.87%
1972kr199.386.56%
1973kr217.939.30%
1974kr251.2215.28%
1975kr275.359.61%
1976kr300.169.01%
1977kr332.9510.92%
1978kr366.9610.21%
1979kr402.229.61%
1980kr451.7212.31%
1981kr504.8711.77%
1982kr555.9710.12%
1983kr594.386.91%
1984kr631.776.29%
1985kr661.334.68%
1986kr685.653.68%
1987kr713.224.02%
1988kr745.564.54%
1989kr781.154.77%
1990kr801.782.64%
1991kr820.992.40%
1992kr838.192.10%
1993kr848.741.26%
1994kr865.641.99%
1995kr883.682.08%
1996kr902.472.13%
1997kr922.162.18%
1998kr939.181.85%
1999kr962.642.50%
2000kr990.592.90%
2001kr1,013.752.34%
2002kr1,038.332.42%
2003kr1,059.872.08%
2004kr1,072.111.15%
2005kr1,091.601.82%
2006kr1,112.601.92%
2007kr1,131.441.69%
2008kr1,170.093.42%
2009kr1,185.361.30%
2010kr1,212.752.31%
2011kr1,246.212.76%
2012kr1,276.092.40%
2013kr1,286.160.79%
2014kr1,293.420.56%
2015kr1,299.260.45%
2016kr1,302.510.25%
2017kr1,317.451.15%
2018kr1,328.170.81%
2019kr1,338.240.76%
2020kr1,343.870.42%
2021kr1,368.771.85%
2022kr1,474.127.70%
2023kr1,531.403.89%
2024kr1,547.701.06%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 58 more rows

This conversion table shows various other 1960 amounts in today's kroner, based on the 1,447.70% change in prices:

Conversion: 1960 kroner today
Initial valueEquivalent value
kr1 krone in 1960kr15.48 kroner today
kr5 kroner in 1960kr77.39 kroner today
kr10 kroner in 1960kr154.77 kroner today
kr50 kroner in 1960kr773.85 kroner today
kr100 kroner in 1960kr1,547.70 kroner today
kr500 kroner in 1960kr7,738.52 kroner today
kr1,000 kroner in 1960kr15,477.03 kroner today
kr5,000 kroner in 1960kr77,385.17 kroner today
kr10,000 kroner in 1960kr154,770.35 kroner today
kr50,000 kroner in 1960kr773,851.73 kroner today
kr100,000 kroner in 1960kr1,547,703.45 kroner today
kr500,000 kroner in 1960kr7,738,517.27 kroner today
kr1,000,000 kroner in 1960kr15,477,034.55 kroner today

## How to calculate inflation rate for kr100 since 1960

Our calculations use the following inflation rate formula to calculate the change in value between 1960 and today:

CPI today CPI in 1960
×
1960 DKK value
=
Today's value

Then plug in historical CPI values. The Danish CPI was 7.696677456224732 in the year 1960 and 119.12174288179463 in 2024:

119.121742881794637.696677456224732
×
kr100
=
kr1,547.70

kr100 in 1960 has the same "purchasing power" or "buying power" as kr1,547.70 in 2024.

To get the total inflation rate for the 64 years between 1960 and 2024, we use the following formula:

CPI in 2024 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (64 years)

Plugging in the values to this equation, we get:

119.12174288179463 - 7.6966774562247327.696677456224732
×
100
=
1,448%

## Data source & citation

You may use the following MLA citation for this page: “Denmark Inflation Calculator: World Bank data, 1960-2024 (DKK).” Official Inflation Data, Alioth Finance, 28 Aug. 2024, https://www.officialdata.org/denmark/inflation.

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