$

Value of 1998 Chilean Pesos today

$100 in 1998
$244.98 in 2023

The inflation rate in Chile between 1998 and today has been 144.98%, which translates into a total increase of $144.98. This means that 100 pesos in 1998 are equivalent to 244.98 pesos in 2023. In other words, the purchasing power of $100 in 1998 equals $244.98 today. The average annual inflation rate between these periods has been 3.65%.

Inflation timeline in Chile (1998 - 2023)

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 1998-2022 131.04%
Cumulative inflation 1998-today 144.98%
Avg. Annual inflation 1998-2022 3.55%
CPI 1998 57.99
CPI 2022 133.97
CPI 2022-12 (latest official data) 140.57
CPI today 142.05

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 1998 and 2022, use the corresponding CPI values:

Value2022
=Value1998 ×
CPI2022/CPI1998
=$ 100 ×
133.97/57.99
$231.04

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 142.05:

Valuetoday
=Value1998 ×
CPItoday/CPI1998
=$ 100 ×
142.05/57.99
$244.98

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 1998 and 2022 and the average inflation rate was 3.5509%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=$100 × (1 + 0.035509)24
$231.04

Chile inflation - Conversion table

Initial Value Equivalent value
$1 peso in 1998 $2.31 pesos in 2022
$5 pesos in 1998 $11.55 pesos in 2022
$10 pesos in 1998 $23.1 pesos in 2022
$50 pesos in 1998 $115.52 pesos in 2022
$100 pesos in 1998 $231.04 pesos in 2022
$500 pesos in 1998 $1,155.22 pesos in 2022
$1,000 pesos in 1998 $2,310.44 pesos in 2022
$5,000 pesos in 1998 $11,552.21 pesos in 2022
$10,000 pesos in 1998 $23,104.42 pesos in 2022
$50,000 pesos in 1998 $115,522.08 pesos in 2022
$100,000 pesos in 1998 $231,044.15 pesos in 2022
$500,000 pesos in 1998 $1,155,220.77 pesos in 2022
$1,000,000 pesos in 1998 $2,310,441.53 pesos in 2022
Cumulative inflation From 1998 144.98%
Avg. annual inflation From 1998 3.65%
CPI 1998 57.99
CPI today 142.05

Value of Peso over time (by year)

Period Value
1998 100
1999 103.34
2000 107.31
2001 111.14
2002 113.91
2003 117.11
2004 118.34
2005 121.95
2006 126.09
2007 131.65
2008 143.12
2009 143.63
2010 145.65
2011 150.52
2012 155.05
2013 157.82
2014 165.27
2015 172.46
2016 178.99
2017 182.89
2018 187.35
2019 192.14
2020 197.99
2021 206.95
2022 231.04
2022-12 242.43
Today 244.98

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 |

Other currencies: