﻿ Price calculator - Norges Bank

# Price calculator

The price calculator allows you to calculate the equivalent value of 100 1900-kroner in 2003, or the corresponding value of 3000 1990-kroner in 1816. The calculator also provides an estimate of the rise (in per cent) in the price level in the selected period.

From 1874 the money units were kroner and øre. In the period 1816-1873 the money units were speciedaler, ort and skilling (1 speciedaler = 120 skilling = 5 ort à 24 skilling), and prices can be expressed by the triple speciedaler-ort-skilling (1 speciedaler = 4 kroner, 1 krone = 30 skilling).

For example, 1-2-1 speciedaler i 1850 is 1 speciedaler, 2 ort and 1 skilling, which is 1 speciedaler and 49 skilling or 169 skilling. This is 169/120 = 1,41 speciedaler or 169/30 = 5,63 kroner.

### Calculate price inflation:

Kroner amount: For the year: Year that you want the amount computed into:

You can calculate price inflation from 1516 up to last year, but note that the result is expressed in kroner for all years back to 1516, even though the krone wasn’t introduced until 1874. See Chapter 3 in "Historical Monetary Statistics for Norway 1819–2003" (Norges Bank's Occasional Paper No. 35). See Consumer price indices (Hisorical Monetary Statistics)