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Value of 1989 Chilean Pesos today

$100 in 1989
$654.74 in 2022

The inflation rate in Chile between 1989 and today has been 554.74%, which translates into a total increase of $554.74. This means that 100 pesos in 1989 are equivalent to 654.74 pesos in 2022. In other words, the purchasing power of $100 in 1989 equals $654.74 today. The average annual inflation rate between these periods has been 5.86%.

Inflation timeline in Chile (1989 - 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 1989-2021 497.08%
Cumulative inflation 1989-today 554.74%
Avg. Annual inflation 1989-2021 5.74%
CPI 1989 20.1
CPI 2021 120
CPI 2022-04 (latest official data) 130.65
CPI today 131.59

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 1989 and 2021, use the corresponding CPI values:

Value2021
=Value1989 ×
CPI2021/CPI1989
=$ 100 ×
120/20.1
$597.08

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.59:

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=$ 100 ×
131.59/20.1
$654.74

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 32 years between 1989 and 2021 and the average inflation rate was 5.7428%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.057428)32
$597.08

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1989 $5.97 pesos in 2021
$5 pesos in 1989 $29.85 pesos in 2021
$10 pesos in 1989 $59.71 pesos in 2021
$50 pesos in 1989 $298.54 pesos in 2021
$100 pesos in 1989 $597.08 pesos in 2021
$500 pesos in 1989 $2,985.39 pesos in 2021
$1,000 pesos in 1989 $5,970.78 pesos in 2021
$5,000 pesos in 1989 $29,853.91 pesos in 2021
$10,000 pesos in 1989 $59,707.83 pesos in 2021
$50,000 pesos in 1989 $298,539.14 pesos in 2021
$100,000 pesos in 1989 $597,078.29 pesos in 2021
$500,000 pesos in 1989 $2,985,391.44 pesos in 2021
$1,000,000 pesos in 1989 $5,970,782.87 pesos in 2021
Cumulative inflation From 1989 554.74%
Avg. annual inflation From 1989 5.86%
CPI 1989 20.1
CPI today 131.59

Value of Peso over time (by year)

Period Value
1989 100
1990 126.04
1991 153.49
1992 177.17
1993 199.72
1994 222.57
1995 240.9
1996 258.63
1997 274.49
1998 288.52
1999 298.14
2000 309.6
2001 320.65
2002 328.64
2003 337.87
2004 341.43
2005 351.86
2006 363.79
2007 379.83
2008 412.93
2009 414.39
2010 420.24
2011 434.28
2012 447.34
2013 455.34
2014 476.83
2015 497.57
2016 516.41
2017 527.68
2018 540.53
2019 554.35
2020 571.23
2021 597.08
2022-04 650.06
Today 654.74

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: