kr 1,000 in 1998 is worth kr 3,737 today
Iceland prices rose 273.71% between 1998 and 2026 — an average of 4.82% a year over 28 years.
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kr 1,000 in 1998 is worth kr 3,737 in 2026
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Inflation analysis
Icelandic Krona amounts from 1998, in 2026 money
| In 1998 | In 2026 |
|---|---|
| kr 10 | kr 37.37 |
| kr 20 | kr 74.74 |
| kr 50 | kr 186.86 |
| kr 100 | kr 373.71 |
| kr 200 | kr 747.43 |
| kr 500 | kr 1,869 |
| kr 1,000 | kr 3,737 |
| kr 2,000 | kr 7,474 |
| kr 5,000 | kr 18,686 |
| kr 10,000 | kr 37,371 |
| kr 20,000 | kr 74,743 |
| kr 50,000 | kr 186,857 |
| kr 100,000 | kr 373,713 |
| kr 500,000 | kr 1,868,567 |
| kr 1,000,000 | kr 3,737,134 |
| kr 10,000,000 | kr 37,371,344 |
| kr 100,000,000 | kr 373,713,442 |
1998 to any later year
Between 1998 and 2024, cumulative inflation in Iceland was 242.58%, so kr 1,000 in 1998 was worth kr 3,426 by 2024. From 1998 to 2026 it is 273.71%.
| Range | kr 1,000 in 1998 becomes | Cumulative inflation | Average per year |
|---|---|---|---|
| 1998 to 2000 | kr 1,085 | 8.53% | 4.18% |
| 1998 to 2010 | kr 1,983 | 98.30% | 5.87% |
| 1998 to 2020 | kr 2,631 | 163.10% | 4.50% |
| 1998 to 2024 | kr 3,426 | 242.58% | 4.85% |
| 1998 to 2025 | kr 3,566 | 256.60% | 4.82% |
| 1998 to 2026 | kr 3,737 | 273.71% | 4.82% |
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Year by year, 1998 to 2026
How kr 1,000 from 1998 changed in value each year, alongside Iceland's annual inflation rate.
| Year | CPI index | Inflation | kr 1,000 then, in 2026 |
|---|---|---|---|
| 2026 | 159.92 | 4.80% | kr 1,000 |
| 2025 | 152.59 | 4.09% | kr 1,048 |
| 2024 | 146.59 | 5.86% | kr 1,091 |
| 2023 | 138.48 | 8.74% | kr 1,155 |
| 2022 | 127.36 | 8.31% | kr 1,256 |
| 2021 | 117.59 | 4.44% | kr 1,360 |
| 2020 | 112.58 | 2.85% | kr 1,420 |
| 2019 | 109.47 | 3.01% | kr 1,461 |
| 2018 | 106.26 | 2.68% | kr 1,505 |
| 2017 | 103.49 | 1.76% | kr 1,545 |
| 2016 | 101.70 | 1.70% | kr 1,572 |
| 2015 | 100.00 | 1.63% | kr 1,599 |
| 2014 | 98.39 | 2.04% | kr 1,625 |
| 2013 | 96.42 | 3.87% | kr 1,659 |
| 2012 | 92.83 | 5.19% | kr 1,723 |
| 2011 | 88.25 | 4.00% | kr 1,812 |
| 2010 | 84.86 | 5.40% | kr 1,885 |
| 2009 | 80.51 | 12.00% | kr 1,986 |
| 2008 | 71.88 | 12.69% | kr 2,225 |
| 2007 | 63.79 | 5.05% | kr 2,507 |
| 2006 | 60.72 | 6.69% | kr 2,634 |
| 2005 | 56.91 | 3.99% | kr 2,810 |
| 2004 | 54.73 | 3.16% | kr 2,922 |
| 2003 | 53.05 | 2.06% | kr 3,014 |
| 2002 | 51.99 | 5.20% | kr 3,076 |
| 2001 | 49.42 | 6.41% | kr 3,236 |
| 2000 | 46.44 | 5.14% | kr 3,443 |
| 1999 | 44.17 | 3.23% | kr 3,620 |
| 1998 | 42.79 | — | kr 3,737 |
Questions about 1998
- How much is kr 1,000 in 1998 worth today?
- kr 1,000 in 1998 has the same purchasing power as kr 3,737 in 2026, the most recent year of Iceland CPI data. Prices rose 273.71% in total over those 28 years.
- How much is kr 100,000 from 1998 worth today?
- kr 100,000 in 1998 is worth kr 373,713 in 2026 money, after 273.71% cumulative inflation in Iceland.
- What was the inflation rate in Iceland in 1998?
- Inflation in Iceland was 1.66% in 1998, measured as the change in the annual average consumer price index from 1997.
- What is the average inflation rate since 1998?
- Iceland inflation has averaged 4.82% a year between 1998 and 2026. Compounded over 28 years that produces a total price increase of 273.71%.
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