Norway Inflation Calculator

Buying power of kr100 in 1980

This chart shows a calculation of buying power equivalence for kr100 in 1980 (price index tracking began in 1955).

For example, if you started with kr100, you would need to end with kr473.69 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When kr100 is equivalent to kr473.69 over time, that means that the "real value" of a single Norwegian 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 1980 dollars, the chart below shows how kr100 is worth less over 44 years.

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

This conversion table shows various other 1980 amounts in today's kroner, based on the 373.69% change in prices:

How to calculate inflation rate for kr100 since 1980

Our calculations use the following inflation rate formula to calculate the change in value between 1980 and today:

Then plug in historical CPI values. The Norwegian CPI was 28.70833 in the year 1980 and 135.98745035742655 in 2024:

kr100 in 1980 has the same "purchasing power" or "buying power" as kr473.69 in 2024.

To get the total inflation rate for the 44 years between 1980 and 2024, we use the following formula:

Plugging in the values to this equation, we get:

Data source & citation

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