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 kr1,199.36 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When kr100 is equivalent to kr1,199.36 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 1961 dollars, the chart below shows how kr100 buys less over the past 59 years.

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

How to Calculate Inflation Rate for kr100 since 1961

This inflation calculator uses the following inflation rate formula:

Then plug in historical CPI values. The Swedish CPI was 9.4096824229 in the year 1961 and 112.85555327070475 in 2020:

kr100 in 1961 has the same "purchasing power" or "buying power" as kr1,199.36 in 2020.

To get the total inflation rate for the 59 years between 1961 and 2020, we use the following formula:

Plugging in the values to this equation, we get:

News headlines from 1961

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

» Read more about inflation and investment.