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Value of 1971 Chilean Pesos today

$100 in 1971
$12,963,762.51 in 2024

The inflation rate in Chile between 1971 and today has been 12,963,662.51%, which translates into a total increase of $12,963,662.51. This means that 100 pesos in 1971 are equivalent to 12,963,762.51 pesos in 2024. In other words, the purchasing power of $100 in 1971 equals $12,963,762.51 today. The average annual inflation rate between these periods has been 24.87%.

Inflation timeline in Chile (1971 - 2024)

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 (CLP) 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. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1971-2023 12,638,080.34%
Cumulative inflation 1971-today 12,963,662.51%
Avg. Annual inflation 1971-2023 25.35%
CPI 1971 0
CPI 2023 144.13
CPI 2023-12 (latest official data) 146.11
CPI today 147.84

How to calculate today's value of money after inflation?

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 1971 and 2023, use the corresponding CPI values:

Value2023
=Value1971 ×
CPI2023/CPI1971
=$ 100 ×
144.13/0.001
$12,638,180.34

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 147.84:

Valuetoday
=Value1971 ×
CPItoday/CPI1971
=$ 100 ×
147.84/0.001
$12,963,762.51

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 52 years between 1971 and 2023 and the average inflation rate was 25.3457%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.253457)52
$12,638,180.34

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1971 $126,381.8 pesos in 2023
$5 pesos in 1971 $631,909.02 pesos in 2023
$10 pesos in 1971 $1,263,818.03 pesos in 2023
$50 pesos in 1971 $6,319,090.17 pesos in 2023
$100 pesos in 1971 $12,638,180.34 pesos in 2023
$500 pesos in 1971 $63,190,901.68 pesos in 2023
$1,000 pesos in 1971 $126,381,803.35 pesos in 2023
$5,000 pesos in 1971 $631,909,016.77 pesos in 2023
$10,000 pesos in 1971 $1,263,818,033.55 pesos in 2023
$50,000 pesos in 1971 $6,319,090,167.74 pesos in 2023
$100,000 pesos in 1971 $12,638,180,335.49 pesos in 2023
$500,000 pesos in 1971 $63,190,901,677.44 pesos in 2023
$1,000,000 pesos in 1971 $126,381,803,354.88 pesos in 2023
Cumulative inflation From 1971 12,963,662.51%
Avg. annual inflation From 1971 24.87%
CPI 1971 0.001
CPI today 147.84

Value of Peso over time (by year)

Period Value
1971 100
1972 177.8
1973 805.08
1974 4,868.62
1975 23,113.05
1976 72,095.24
1977 138,389.82
1978 193,866.44
1979 258,596.85
1980 349,463.54
1981 418,261.8
1982 459,841.38
1983 585,181.2
1984 701,399.38
1985 916,753.33
1986 1,095,308.79
1987 1,313,064.37
1988 1,505,879.36
1989 1,762,300.19
1990 2,221,141.15
1991 2,705,003.38
1992 3,122,272.3
1993 3,519,667.14
1994 3,922,427.51
1995 4,245,346.05
1996 4,557,765.93
1997 4,837,333.29
1998 5,084,533.03
1999 5,254,197.98
2000 5,456,130.58
2001 5,650,865.9
2002 5,791,538.28
2003 5,954,290.93
2004 6,017,093.55
2005 6,200,769.01
2006 6,411,100.2
2007 6,693,689.22
2008 7,277,128.8
2009 7,302,819.99
2010 7,405,842.53
2011 7,653,287.79
2012 7,883,456.24
2013 8,024,535.48
2014 8,403,187.39
2015 8,768,622.36
2016 9,100,619.94
2017 9,299,264.31
2018 9,525,687.68
2019 9,769,306.31
2020 10,066,834.44
2021 10,522,311.76
2022 11,747,516.29
2023 12,638,180.34
2023-12 12,811,737.68
Today 12,963,762.51

All available years

Today's value of chilean pesos by year:

1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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