Norway Inflation Calculator

kr

Result:kr 100 in 1956 → kr 1,889.32 in 2026

The Norwegian Krone has lost 95% of its value since 1956

Updated: September 11, 2026

kr 100 in 1956 is equivalent in purchasing power to about kr 1,889.32 today, an increase of kr 1,789.32 over 70 years. Cumulative inflation since 1956 is 1,789.32%: the krone had an average inflation rate of 4.29% per year between 1956 and today.

This means that today's prices are 18.89 times as high as average prices in 1956, according to the OECD and the World Bank consumer price index for Norway. A krone today only buys 5.3% of what it could buy back then.

The inflation rate in 1956 was 3.80%. The current inflation rate compared to the end of last year is now 3.29%. If this number holds, kr 100 today will be equivalent in buying power to kr 103.29 next year.

⌃
Inflation from 1956 to 2026
Cumulative price change 1,789.32%
Average inflation rate 4.29%
Converted amount
kr 100 base		 kr 1,889.32
Price difference
kr 100 base		 kr 1,789.32
CPI in 1956 7.496
CPI in 2026 141.617
Inflation in 1956 3.80%
Inflation in 2026 3.29%
kr 100 in 1956 kr 1,889.32 in 2026
NOK inflation since 1956
Annual Rate, the OECD and the World Bank CPI
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Buying power of kr 100 in 1956

This chart shows a calculation of buying power equivalence for kr 100 in 1956 (price index tracking began in 1955).

For example, if you started with kr 100, you would need to end with kr 1,889.32 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

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When kr 100 is equivalent to kr 1,889.32 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 1956 dollars, the chart below shows how kr 100 is worth less over 70 years.

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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:

Krone inflation: 1956-2026
YearKrone ValueInflation Rate
1956kr 100.003.80%
1957kr 102.872.87%
1958kr 108.055.03%
1959kr 110.522.29%
1960kr 110.920.36%
1961kr 113.312.16%
1962kr 119.285.27%
1963kr 122.232.47%
1964kr 129.405.87%
1965kr 134.824.19%
1966kr 139.203.25%
1967kr 145.584.58%
1968kr 150.603.45%
1969kr 155.062.96%
1970kr 171.5510.64%
1971kr 182.236.22%
1972kr 195.467.26%
1973kr 209.967.42%
1974kr 229.729.41%
1975kr 256.5711.69%
1976kr 280.089.16%
1977kr 305.589.10%
1978kr 330.528.16%
1979kr 345.424.51%
1980kr 383.0010.88%
1981kr 435.2513.64%
1982kr 484.6211.34%
1983kr 525.648.47%
1984kr 558.336.22%
1985kr 590.235.71%
1986kr 632.597.18%
1987kr 687.738.72%
1988kr 733.656.68%
1989kr 767.004.55%
1990kr 798.694.13%
1991kr 826.153.44%
1992kr 845.382.33%
1993kr 864.732.29%
1994kr 876.621.38%
1995kr 898.192.46%
1996kr 909.531.26%
1997kr 932.882.57%
1998kr 953.892.25%
1999kr 976.462.37%
2000kr 1,006.593.09%
2001kr 1,036.833.00%
2002kr 1,050.171.29%
2003kr 1,076.292.49%
2004kr 1,081.190.45%
2005kr 1,097.751.53%
2006kr 1,123.322.33%
2007kr 1,131.330.71%
2008kr 1,173.793.75%
2009kr 1,199.592.20%
2010kr 1,228.602.42%
2011kr 1,244.391.28%
2012kr 1,253.060.70%
2013kr 1,279.632.12%
2014kr 1,305.762.04%
2015kr 1,334.112.17%
2016kr 1,381.473.55%
2017kr 1,407.381.88%
2018kr 1,446.292.76%
2019kr 1,477.642.17%
2020kr 1,496.651.29%
2021kr 1,548.793.48%
2022kr 1,638.065.76%
2023kr 1,728.455.52%
2024kr 1,782.823.15%
2025kr 1,837.293.06%
2026kr 1,889.322.83%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 64 more rows

This conversion table shows various other 1956 amounts in today's kroner, based on the 1,789.32% change in prices:

Conversion: 1956 kroner today
Initial valueEquivalent value
kr 1 krone in 1956 kr 18.89 kroner today
kr 5 kroner in 1956 kr 94.47 kroner today
kr 10 kroner in 1956 kr 188.93 kroner today
kr 50 kroner in 1956 kr 944.66 kroner today
kr 100 kroner in 1956 kr 1,889.32 kroner today
kr 500 kroner in 1956 kr 9,446.62 kroner today
kr 1,000 kroner in 1956 kr 18,893.25 kroner today
kr 5,000 kroner in 1956 kr 94,466.24 kroner today
kr 10,000 kroner in 1956 kr 188,932.48 kroner today
kr 50,000 kroner in 1956 kr 944,662.39 kroner today
kr 100,000 kroner in 1956 kr 1,889,324.78 kroner today
kr 500,000 kroner in 1956 kr 9,446,623.88 kroner today
kr 1,000,000 kroner in 1956 kr 18,893,247.75 kroner today

How to calculate inflation rate for kr 100 since 1956

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

CPI todayCPI in 1956
×
1956 NOK value
=
Today's value

Then plug in historical CPI values. The Norwegian CPI was 7.495633 in the year 1956 and 141.61685134719866 in 2026:

141.616851347198667.495633
×
kr 100
=
kr 1,889.32

kr 100 in 1956 has the same "purchasing power" or "buying power" as kr 1,889.32 in 2026.

To get the total inflation rate for the 70 years between 1956 and 2026, we use the following formula:

CPI in 2026 - CPI in 1956CPI in 1956
×
100
=
Cumulative inflation rate (70 years)

Plugging in the values to this equation, we get:

141.61685134719866 - 7.4956337.495633
×
100
=
1,789%

Data source & citation

You may use the following MLA citation for this page: “Norway Inflation Calculator: World Bank data, 1956-2026 (NOK).” Official Inflation Data, Alioth Finance, 10 Oct. 2026, https://www.officialdata.org/norway/inflation.

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

in2013dollars.com is a reference website maintained by the Official Data Foundation.

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 1956 to 2026
Cumulative price change 1,789.32%
Average inflation rate 4.29%
Converted amount
kr 100 base		 kr 1,889.32
Price difference
kr 100 base		 kr 1,789.32
CPI in 1956 7.496
CPI in 2026 141.617
Inflation in 1956 3.80%
Inflation in 2026 3.29%
kr 100 in 1956 kr 1,889.32 in 2026