Denmark Inflation Calculator

kr

Result: kr100 in 1960 → kr1,499.35 in 2022


The Danish Krone has lost 93% its value since 1960

Updated: November 10, 2022

kr100 in 1960 is equivalent in purchasing power to about kr1,499.35 today, an increase of kr1,399.35 over 62 years. The krone had an average inflation rate of 4.46% per year between 1960 and today, producing a cumulative price increase of 1,399.35%.

This means that today's prices are 14.99 times higher than average prices since 1960, according to the OECD and the World Bank consumer price index for Denmark. A krone today only buys 6.670% of what it could buy back then.

The inflation rate in 1960 was 1.26%. The current inflation rate compared to last year is now 10.11%. If this number holds, kr100 today will be equivalent in buying power to kr110.11 next year.


Inflation from 1960 to 2022
Cumulative price change1,399.35%
Average inflation rate4.46%
Converted amount (kr100 base)kr1,499.35
Price difference (kr100 base)kr1,399.35
CPI in 19607.697
CPI in 2022115.400
Inflation in 19601.26%
Inflation in 202210.11%
kr100 in 1960kr1,499.35 in 2022

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

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 kr1,499.35 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When kr100 is equivalent to kr1,499.35 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 62 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: 1960-2022
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%
2022kr1,499.359.54%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 56 more rows

This conversion table shows various other 1960 amounts in today's kroner, based on the 1,399.35% change in prices:

Conversion: 1960 kroner today
Initial valueEquivalent value
kr1 krone in 1960kr14.99 kroner today
kr5 kroner in 1960kr74.97 kroner today
kr10 kroner in 1960kr149.93 kroner today
kr50 kroner in 1960kr749.67 kroner today
kr100 kroner in 1960kr1,499.35 kroner today
kr500 kroner in 1960kr7,496.74 kroner today
kr1,000 kroner in 1960kr14,993.48 kroner today
kr5,000 kroner in 1960kr74,967.41 kroner today
kr10,000 kroner in 1960kr149,934.83 kroner today
kr50,000 kroner in 1960kr749,674.13 kroner today
kr100,000 kroner in 1960kr1,499,348.27 kroner today
kr500,000 kroner in 1960kr7,496,741.33 kroner today
kr1,000,000 kroner in 1960kr14,993,482.66 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 7.696677456224731 in the year 1960 and 115.4 in 2022:

115.47.696677456224731
×
kr100
=
kr1,499.35

kr100 in 1960 has the same "purchasing power" or "buying power" as kr1,499.35 in 2022.

To get the total inflation rate for the 62 years between 1960 and 2022, we use the following formula:

CPI in 2022 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (62 years)

Plugging in the values to this equation, we get:

115.4 - 7.6966774562247317.696677456224731
×
100
=
1,399%

Data source & citation

You may use the following MLA citation for this page: “Denmark Inflation Calculator: World Bank data, 1960-2022 (DKK).” Official Inflation Data, Alioth Finance, 4 Dec. 2022, https://www.officialdata.org/denmark/inflation.

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


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 1960 to 2022
Cumulative price change1,399.35%
Average inflation rate4.46%
Converted amount (kr100 base)kr1,499.35
Price difference (kr100 base)kr1,399.35
CPI in 19607.697
CPI in 2022115.400
Inflation in 19601.26%
Inflation in 202210.11%
kr100 in 1960kr1,499.35 in 2022