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Value of 1974 Chilean Pesos today

$100 in 1974
$266,271.82 in 2024

The inflation rate in Chile between 1974 and today has been 266,171.82%, which translates into a total increase of $266,171.82. This means that 100 pesos in 1974 are equivalent to 266,271.82 pesos in 2024. In other words, the purchasing power of $100 in 1974 equals $266,271.82 today. The average annual inflation rate between these periods has been 17.09%.

Inflation timeline in Chile (1974 - 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 1974-2023 259,484.46%
Cumulative inflation 1974-today 266,171.82%
Avg. Annual inflation 1974-2023 17.4%
CPI 1974 0.06
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 1974 and 2023, use the corresponding CPI values:

Value2023
=Value1974 ×
CPI2023/CPI1974
=$ 100 ×
144.13/0.06
$259,584.46

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

Valuetoday
=Value1974 ×
CPItoday/CPI1974
=$ 100 ×
147.84/0.06
$266,271.82

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 49 years between 1974 and 2023 and the average inflation rate was 17.403%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.17403)49
$259,584.46

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1974 $2,595.84 pesos in 2023
$5 pesos in 1974 $12,979.22 pesos in 2023
$10 pesos in 1974 $25,958.45 pesos in 2023
$50 pesos in 1974 $129,792.23 pesos in 2023
$100 pesos in 1974 $259,584.46 pesos in 2023
$500 pesos in 1974 $1,297,922.31 pesos in 2023
$1,000 pesos in 1974 $2,595,844.62 pesos in 2023
$5,000 pesos in 1974 $12,979,223.1 pesos in 2023
$10,000 pesos in 1974 $25,958,446.2 pesos in 2023
$50,000 pesos in 1974 $129,792,231 pesos in 2023
$100,000 pesos in 1974 $259,584,461.99 pesos in 2023
$500,000 pesos in 1974 $1,297,922,309.95 pesos in 2023
$1,000,000 pesos in 1974 $2,595,844,619.91 pesos in 2023
Cumulative inflation From 1974 266,171.82%
Avg. annual inflation From 1974 17.09%
CPI 1974 0.06
CPI today 147.84

Value of Peso over time (by year)

Period Value
1974 100
1975 474.74
1976 1,480.81
1977 2,842.49
1978 3,981.96
1979 5,311.5
1980 7,177.88
1981 8,590.97
1982 9,445
1983 12,019.45
1984 14,406.53
1985 18,829.84
1986 22,497.32
1987 26,969.95
1988 30,930.31
1989 36,197.12
1990 45,621.58
1991 55,559.96
1992 64,130.54
1993 72,292.92
1994 80,565.49
1995 87,198.14
1996 93,615.16
1997 99,357.39
1998 104,434.79
1999 107,919.66
2000 112,067.3
2001 116,067.1
2002 118,956.47
2003 122,299.36
2004 123,589.31
2005 127,361.95
2006 131,682.09
2007 137,486.38
2008 149,470.06
2009 149,997.75
2010 152,113.8
2011 157,196.25
2012 161,923.84
2013 164,821.57
2014 172,598.97
2015 180,104.89
2016 186,924.02
2017 191,004.12
2018 195,654.79
2019 200,658.64
2020 206,769.78
2021 216,125.15
2022 241,290.49
2023 259,584.46
2023-12 263,149.28
Today 266,271.82

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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