$

Value of 1997 Chilean Pesos today

$100 in 1997
$238.53 in 2022

The inflation rate in Chile between 1997 and today has been 138.53%, which translates into a total increase of $138.53. This means that 100 pesos in 1997 are equivalent to 238.53 pesos in 2022. In other words, the purchasing power of $100 in 1997 equals $238.53 today. The average annual inflation rate between these periods has been 3.54%.

Inflation timeline in Chile (1997 - 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 1997-2021 117.52%
Cumulative inflation 1997-today 138.53%
Avg. Annual inflation 1997-2021 3.29%
CPI 1997 55.17
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 1997 and 2021, use the corresponding CPI values:

Value2021
=Value1997 ×
CPI2021/CPI1997
=$ 100 ×
120/55.17
$217.52

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

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=$ 100 ×
131.59/55.17
$238.53

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 24 years between 1997 and 2021 and the average inflation rate was 3.2911%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.032911)24
$217.52

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1997 $2.18 pesos in 2021
$5 pesos in 1997 $10.88 pesos in 2021
$10 pesos in 1997 $21.75 pesos in 2021
$50 pesos in 1997 $108.76 pesos in 2021
$100 pesos in 1997 $217.52 pesos in 2021
$500 pesos in 1997 $1,087.61 pesos in 2021
$1,000 pesos in 1997 $2,175.23 pesos in 2021
$5,000 pesos in 1997 $10,876.15 pesos in 2021
$10,000 pesos in 1997 $21,752.3 pesos in 2021
$50,000 pesos in 1997 $108,761.49 pesos in 2021
$100,000 pesos in 1997 $217,522.99 pesos in 2021
$500,000 pesos in 1997 $1,087,614.93 pesos in 2021
$1,000,000 pesos in 1997 $2,175,229.85 pesos in 2021
Cumulative inflation From 1997 138.53%
Avg. annual inflation From 1997 3.54%
CPI 1997 55.17
CPI today 131.59

Value of Peso over time (by year)

Period Value
1997 100
1998 105.11
1999 108.62
2000 112.79
2001 116.82
2002 119.73
2003 123.09
2004 124.39
2005 128.19
2006 132.53
2007 138.38
2008 150.44
2009 150.97
2010 153.1
2011 158.21
2012 162.97
2013 165.89
2014 173.72
2015 181.27
2016 188.13
2017 192.24
2018 196.92
2019 201.96
2020 208.11
2021 217.52
2022-04 236.83
Today 238.53

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: