Sweden Inflation Calculator

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 kr1,217.75 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When kr100 is equivalent to kr1,217.75 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 1960 dollars, the chart below shows how kr100 is worth less over 62 years.

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

This conversion table shows various other 1960 amounts in today's kronor, based on the 1,117.75% change in prices:

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:

Then plug in historical CPI values. The Swedish CPI was 1.041417791509 in the year 1960 and 12.681915698063182 in 2022:

kr100 in 1960 has the same "purchasing power" or "buying power" as kr1,217.75 in 2022.

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

Plugging in the values to this equation, we get:

News headlines from 1960

Politics and news often influence economic performance. Here's what was happening at the time:

• Johnny Cash plays his first concert in a prison.
• The Bank of France issues new franc currency, worth 100 times the value of old francs.
• France grants independence to Cameroon (previously French Cameroon) after years of fighting.
• Guided missiles are launched for the first time from a nuclear powered submarine

Data Source & Citation

» Read more about inflation and investment.