Result: $100 in 1971 → $13,212,972.57 in 2024
The Chilean Peso has lost 99.999% of its value since 1971
Updated: November 13, 2024$100 in 1971 is equivalent in purchasing power to about $13,212,972.57 today, an increase of $13,212,872.57 over 53 years. The peso had an average inflation rate of 24.92% per year between 1971 and today, producing a cumulative price increase of 13,212,872.57%.
This means that today's prices are 132,129.73 times as high as average prices since 1971, according to the OECD and the World Bank consumer price index for Chile. A peso today only buys 0.001% of what it could buy back then.
The inflation rate in 1971 was 20.05%. The current inflation rate compared to the end of last year is now 4.61%. If this number holds, $100 today will be equivalent in buying power to $104.61 next year.
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| Cumulative price change | 13,212,872.57% |
| Average inflation rate | 24.92% |
| Converted amount $100 base | $13,212,972.57 |
| Price difference $100 base | $13,212,872.57 |
| CPI in 1971 | 0.001 |
| CPI in 2024 | 150.685 |
| Inflation in 1971 | 20.05% |
| Inflation in 2024 | 4.61% |
| $100 in 1971 | $13,212,972.57 in 2024 |
Buying power of $100 in 1971
This chart shows a calculation of buying power equivalence for $100 in 1971 (price index tracking began in 1970).
For example, if you started with $100, you would need to end with $13,212,972.57 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $13,212,972.57 over time, that means that the "real value" of a single Chilean peso decreases over time. In other words, a peso will pay for fewer items at the store.
This effect explains how inflation erodes the value of a peso over time. By calculating the value in 1971 dollars, the chart below shows how $100 is worth less over 53 years.
According to the OECD and the World Bank, each of these CLP amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1971 amounts in today's peso, based on the 13,212,872.57% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 peso in 1971 | $132,129.73 peso today |
| $5 peso in 1971 | $660,648.63 peso today |
| $10 peso in 1971 | $1,321,297.26 peso today |
| $50 peso in 1971 | $6,606,486.28 peso today |
| $100 peso in 1971 | $13,212,972.57 peso today |
| $500 peso in 1971 | $66,064,862.83 peso today |
| $1,000 peso in 1971 | $132,129,725.67 peso today |
| $5,000 peso in 1971 | $660,648,628.33 peso today |
| $10,000 peso in 1971 | $1,321,297,256.67 peso today |
| $50,000 peso in 1971 | $6,606,486,283.35 peso today |
| $100,000 peso in 1971 | $13,212,972,566.70 peso today |
| $500,000 peso in 1971 | $66,064,862,833.49 peso today |
| $1,000,000 peso in 1971 | $132,129,725,666.97 peso today |
How to calculate inflation rate for $100 since 1971
Our calculations use the following inflation rate formula to calculate the change in value between 1971 and today:
CPI today CPI in 1971
×
1971 CLP value
=
Today's value
Then plug in historical CPI values. The Chilean CPI was 0.00114043 in the year 1971 and 150.68470304238338 in 2024:
150.684703042383380.00114043
×
$100
=
$13,212,972.57
$100 in 1971 has the same "purchasing power" or "buying power" as $13,212,972.57 in 2024.
To get the total inflation rate for the 53 years between 1971 and 2024, we use the following formula:
CPI in 2024 - CPI in 1971CPI in 1971
×
100
=
Cumulative inflation rate (53 years)
Plugging in the values to this equation, we get:
150.68470304238338 - 0.001140430.00114043
×
100
=
13,212,873%
Data source & citation
You may use the following MLA citation for this page: “Chile Inflation Calculator: World Bank data, 1971-2024 (CLP).” Official Inflation Data, Alioth Finance, 20 Nov. 2024, https://www.officialdata.org/chile/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 13,212,872.57% |
| Average inflation rate | 24.92% |
| Converted amount $100 base | $13,212,972.57 |
| Price difference $100 base | $13,212,872.57 |
| CPI in 1971 | 0.001 |
| CPI in 2024 | 150.685 |
| Inflation in 1971 | 20.05% |
| Inflation in 2024 | 4.61% |
| $100 in 1971 | $13,212,972.57 in 2024 |