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Value of 1987 Chilean Pesos today

$100 in 1987
$980.24 in 2024

The inflation rate in Chile between 1987 and today has been 880.24%, which translates into a total increase of $880.24. This means that 100 pesos in 1987 are equivalent to 980.24 pesos in 2024. In other words, the purchasing power of $100 in 1987 equals $980.24 today. The average annual inflation rate between these periods has been 6.36%.

Inflation timeline in Chile (1987 - 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 1987-2023 862.5%
Cumulative inflation 1987-today 880.24%
Avg. Annual inflation 1987-2023 6.49%
CPI 1987 14.97
CPI 2023 144.13
CPI 2023-12 (latest official data) 146.11
CPI today 146.79

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 1987 and 2023, use the corresponding CPI values:

Value2023
=Value1987 ×
CPI2023/CPI1987
=$ 100 ×
144.13/14.97
$962.5

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 146.79:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=$ 100 ×
146.79/14.97
$980.24

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 36 years between 1987 and 2023 and the average inflation rate was 6.4919%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.064919)36
$962.5

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1987 $9.62 pesos in 2023
$5 pesos in 1987 $48.12 pesos in 2023
$10 pesos in 1987 $96.25 pesos in 2023
$50 pesos in 1987 $481.25 pesos in 2023
$100 pesos in 1987 $962.5 pesos in 2023
$500 pesos in 1987 $4,812.48 pesos in 2023
$1,000 pesos in 1987 $9,624.95 pesos in 2023
$5,000 pesos in 1987 $48,124.76 pesos in 2023
$10,000 pesos in 1987 $96,249.51 pesos in 2023
$50,000 pesos in 1987 $481,247.55 pesos in 2023
$100,000 pesos in 1987 $962,495.11 pesos in 2023
$500,000 pesos in 1987 $4,812,475.54 pesos in 2023
$1,000,000 pesos in 1987 $9,624,951.08 pesos in 2023
Cumulative inflation From 1987 880.24%
Avg. annual inflation From 1987 6.36%
CPI 1987 14.97
CPI today 146.79

Value of Peso over time (by year)

Period Value
1987 100
1988 114.68
1989 134.21
1990 169.16
1991 206.01
1992 237.79
1993 268.05
1994 298.72
1995 323.32
1996 347.11
1997 368.4
1998 387.23
1999 400.15
2000 415.53
2001 430.36
2002 441.07
2003 453.47
2004 458.25
2005 472.24
2006 488.25
2007 509.78
2008 554.21
2009 556.17
2010 564.01
2011 582.86
2012 600.39
2013 611.13
2014 639.97
2015 667.8
2016 693.08
2017 708.21
2018 725.45
2019 744.01
2020 766.67
2021 801.36
2022 894.66
2023 962.5
2023-12 975.71
Today 980.24

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 |

Other currencies: