# Sweden Inflation Calculator

kr

Result: kr100 in 1956 → kr1,455.27 in 2022

## The Swedish Krona has lost 93% its value since 1956

Updated: June 10, 2022

kr100 in 1956 is equivalent in purchasing power to about kr1,455.27 today, an increase of kr1,355.27 over 66 years. The krona had an average inflation rate of 4.14% per year between 1956 and today, producing a cumulative price increase of 1,355.27%.

This means that today's prices are 14.55 times higher than average prices since 1956, according to the OECD and the World Bank consumer price index for Sweden. A krona today only buys 6.872% of what it could buy back then.

The inflation rate in 1956 was 4.94%. The current inflation rate compared to last year is now 6.36%. If this number holds, kr100 today will be equivalent in buying power to kr106.36 next year.

 Cumulative price change 1,355.27% Average inflation rate 4.14% Converted amount (kr100 base) kr1,455.27 Price difference (kr100 base) kr1,355.27 CPI in 1956 7.777 CPI in 2022 113.179 Inflation in 1956 4.94% Inflation in 2022 6.36% kr100 in 1956 kr1,455.27 in 2022

SEK inflation since 1956
Annual Rate, the OECD and the World Bank CPI

## Buying power of kr100 in 1956

This chart shows a calculation of buying power equivalence for kr100 in 1956 (price index tracking began in 1955).

For example, if you started with kr100, you would need to end with kr1,455.27 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When kr100 is equivalent to kr1,455.27 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 1956 dollars, the chart below shows how kr100 is worth less over 66 years.

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

Krona inflation: 1956-2022
Year Krona Value Inflation Rate
1956 kr100.00 4.94%
1957 kr104.32 4.32%
1958 kr108.90 4.39%
1959 kr109.78 0.80%
1960 kr114.33 4.14%
1961 kr116.79 2.16%
1962 kr122.36 4.77%
1963 kr125.87 2.87%
1964 kr130.14 3.39%
1965 kr136.66 5.01%
1966 kr145.41 6.40%
1967 kr151.65 4.29%
1968 kr154.60 1.94%
1969 kr158.76 2.69%
1970 kr169.90 7.02%
1971 kr182.46 7.40%
1972 kr193.43 6.01%
1973 kr206.42 6.72%
1974 kr226.88 9.91%
1975 kr249.07 9.78%
1976 kr274.60 10.25%
1977 kr306.01 11.44%
1978 kr336.60 10.00%
1979 kr360.87 7.21%
1980 kr410.33 13.71%
1981 kr460.00 12.10%
1982 kr499.51 8.59%
1983 kr543.83 8.87%
1984 kr587.58 8.04%
1985 kr630.90 7.37%
1986 kr657.62 4.24%
1987 kr685.17 4.19%
1988 kr725.08 5.82%
1989 kr771.79 6.44%
1990 kr851.80 10.37%
1991 kr932.25 9.44%
1992 kr954.39 2.37%
1993 kr999.51 4.73%
1994 kr1,021.08 2.16%
1995 kr1,046.15 2.46%
1996 kr1,051.73 0.53%
1997 kr1,058.65 0.66%
1998 kr1,055.83 -0.27%
1999 kr1,060.71 0.46%
2000 kr1,070.24 0.90%
2001 kr1,095.99 2.41%
2002 kr1,119.65 2.16%
2003 kr1,141.21 1.93%
2004 kr1,145.47 0.37%
2005 kr1,150.67 0.45%
2006 kr1,166.32 1.36%
2007 kr1,192.12 2.21%
2008 kr1,233.09 3.44%
2009 kr1,226.99 -0.49%
2010 kr1,241.20 1.16%
2011 kr1,277.96 2.96%
2012 kr1,289.31 0.89%
2013 kr1,288.74 -0.04%
2014 kr1,286.42 -0.18%
2015 kr1,285.82 -0.05%
2016 kr1,298.48 0.98%
2017 kr1,321.78 1.79%
2018 kr1,347.60 1.95%
2019 kr1,371.64 1.78%
2020 kr1,378.46 0.50%
2021 kr1,408.28 2.16%
2022 kr1,455.27 3.34%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 60 more rows

This conversion table shows various other 1956 amounts in today's kronor, based on the 1,355.27% change in prices:

Conversion: 1956 kronor today
Initial value Equivalent value
kr1 krona in 1956 kr14.55 kronor today
kr5 kronor in 1956 kr72.76 kronor today
kr10 kronor in 1956 kr145.53 kronor today
kr50 kronor in 1956 kr727.64 kronor today
kr100 kronor in 1956 kr1,455.27 kronor today
kr500 kronor in 1956 kr7,276.37 kronor today
kr1,000 kronor in 1956 kr14,552.74 kronor today
kr5,000 kronor in 1956 kr72,763.68 kronor today
kr10,000 kronor in 1956 kr145,527.35 kronor today
kr50,000 kronor in 1956 kr727,636.77 kronor today
kr100,000 kronor in 1956 kr1,455,273.53 kronor today
kr500,000 kronor in 1956 kr7,276,367.67 kronor today
kr1,000,000 kronor in 1956 kr14,552,735.33 kronor today

## How to calculate inflation rate for kr100 since 1956

Our calculations use the following inflation rate formula to calculate the change in value between 1956 and today:

CPI today CPI in 1956
×
1956 SEK value
=
Today's value

Then plug in historical CPI values. The Swedish CPI was 7.7771289999999995 in the year 1956 and 113.1785 in 2022:

113.17857.7771289999999995
×
kr100
=
kr1,455.27

kr100 in 1956 has the same "purchasing power" or "buying power" as kr1,455.27 in 2022.

To get the total inflation rate for the 66 years between 1956 and 2022, we use the following formula:

CPI in 2022 - CPI in 1956CPI in 1956
×
100
=
Cumulative inflation rate (66 years)

Plugging in the values to this equation, we get:

113.1785 - 7.77712899999999957.7771289999999995
×
100
=
1,355%

## Data source & citation

You may use the following MLA citation for this page: “Sweden Inflation Calculator: World Bank data, 1956-2022 (SEK).” Official Inflation Data, Alioth Finance, 3 Jul. 2022, https://www.officialdata.org/sweden/inflation.

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