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Value of 1988 Chilean Pesos today

$100 in 1988
$808.07 in 2022

The inflation rate in Chile between 1988 and today has been 708.07%, which translates into a total increase of $708.07. This means that 100 pesos in 1988 are equivalent to 808.07 pesos in 2022. In other words, the purchasing power of $100 in 1988 equals $808.07 today. The average annual inflation rate between these periods has been 6.34%.

Inflation timeline in Chile (1988 - 2022)

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 1988-2021 598.75%
Cumulative inflation 1988-today 708.07%
Avg. Annual inflation 1988-2021 6.07%
CPI 1988 17.17
CPI 2021 120
CPI 2022-08 (latest official data) 136.92
CPI today 138.77

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 1988 and 2021, use the corresponding CPI values:

Value2021
=Value1988 ×
CPI2021/CPI1988
=$ 100 ×
120/17.17
$698.75

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 138.77:

Valuetoday
=Value1988 ×
CPItoday/CPI1988
=$ 100 ×
138.77/17.17
$808.07

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 33 years between 1988 and 2021 and the average inflation rate was 6.0683%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.060683)33
$698.75

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1988 $6.99 pesos in 2021
$5 pesos in 1988 $34.94 pesos in 2021
$10 pesos in 1988 $69.87 pesos in 2021
$50 pesos in 1988 $349.37 pesos in 2021
$100 pesos in 1988 $698.75 pesos in 2021
$500 pesos in 1988 $3,493.74 pesos in 2021
$1,000 pesos in 1988 $6,987.49 pesos in 2021
$5,000 pesos in 1988 $34,937.43 pesos in 2021
$10,000 pesos in 1988 $69,874.87 pesos in 2021
$50,000 pesos in 1988 $349,374.33 pesos in 2021
$100,000 pesos in 1988 $698,748.65 pesos in 2021
$500,000 pesos in 1988 $3,493,743.27 pesos in 2021
$1,000,000 pesos in 1988 $6,987,486.53 pesos in 2021
Cumulative inflation From 1988 708.07%
Avg. annual inflation From 1988 6.34%
CPI 1988 17.17
CPI today 138.77

Value of Peso over time (by year)

Period Value
1988 100
1989 117.03
1990 147.5
1991 179.63
1992 207.34
1993 233.73
1994 260.47
1995 281.92
1996 302.66
1997 321.23
1998 337.65
1999 348.91
2000 362.32
2001 375.25
2002 384.6
2003 395.4
2004 399.57
2005 411.77
2006 425.74
2007 444.5
2008 483.25
2009 484.95
2010 491.8
2011 508.23
2012 523.51
2013 532.88
2014 558.03
2015 582.29
2016 604.34
2017 617.53
2018 632.57
2019 648.74
2020 668.5
2021 698.75
2022-08 797.3
Today 808.07

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 |

Other currencies: