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Inflation calculator - Argentine Peso

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

$100 in 2018
$1,302.93 in 2023

The inflation rate in Argentina between 2018 and 2023 was 1,202.93%, which translates into a total increase of $1,202.93. This means that 100 pesos in 2018 are equivalent to 1,302.93 pesos in 2023. In other words, the purchasing power of $100 in 2018 equals $1,302.93 in 2023. The average annual inflation rate between these periods was 67.1%.

Inflation timeline in Argentina (2018 - 2023)

The following chart depicts the equivalence of $100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (ARS) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 2018 to 2023 1,202.93%
Avg. Annual inflation from 2018 to 2023 67.1%
CPI 2018 151.58
CPI 2023 1,975.01

How to calculate the time value of money with inflation data?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 2018 and 2023, use the corresponding CPI values:

Value2023
=Value2018 ×
CPI2023/CPI2018
=$ 100 ×
1,975.01/151.58
$1,302.93

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $100 worth today. There are 5 years between 2018 and 2023 and the average inflation rate was 67.103%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.67103)5
$1,302.93

Argentina inflation - Conversion table

Initial Value Equivalent value
$1 peso in 2018 $13.03 pesos in 2023
$5 pesos in 2018 $65.15 pesos in 2023
$10 pesos in 2018 $130.29 pesos in 2023
$50 pesos in 2018 $651.47 pesos in 2023
$100 pesos in 2018 $1,302.93 pesos in 2023
$500 pesos in 2018 $6,514.66 pesos in 2023
$1,000 pesos in 2018 $13,029.32 pesos in 2023
$5,000 pesos in 2018 $65,146.62 pesos in 2023
$10,000 pesos in 2018 $130,293.23 pesos in 2023
$50,000 pesos in 2018 $651,466.17 pesos in 2023
$100,000 pesos in 2018 $1,302,932.35 pesos in 2023
$500,000 pesos in 2018 $6,514,661.73 pesos in 2023
$1,000,000 pesos in 2018 $13,029,323.46 pesos in 2023
Cumulative inflation 2018-2023 1,202.93%
Avg. annual inflation 2018-2023 67.1%
CPI 2018 151.58
CPI 2023 1,975.01

Value of Peso over time (by year)

Period Value
2018 100
2019 153.55
2020 218.06
2021 323.62
2022 558.03
2023 1,302.93

All available years

Today's value of argentine pesos by year:

2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

Other currencies: