Result: $100 in 2008 → $201.15 in 2024
The Mexican Peso has lost 50% its value since 2008
Updated: October 10, 2024$100 in 2008 is equivalent in purchasing power to about $201.15 today, an increase of $101.15 over 16 years. The peso had an average inflation rate of 4.46% per year between 2008 and today, producing a cumulative price increase of 101.15%.
This means that today's prices are 2.01 times as high as average prices since 2008, according to the OECD and the World Bank consumer price index for Mexico. A peso today only buys 49.714% of what it could buy back then.
The inflation rate in 2008 was 5.12%. The current inflation rate compared to the end of last year is now 4.50%. If this number holds, $100 today will be equivalent in buying power to $104.50 next year.
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| Cumulative price change | 101.15% |
| Average inflation rate | 4.46% |
| Converted amount $100 base | $201.15 |
| Price difference $100 base | $101.15 |
| CPI in 2008 | 76.358 |
| CPI in 2024 | 153.594 |
| Inflation in 2008 | 5.12% |
| Inflation in 2024 | 4.50% |
| $100 in 2008 | $201.15 in 2024 |
Buying power of $100 in 2008
This chart shows a calculation of buying power equivalence for $100 in 2008 (price index tracking began in 1959).
For example, if you started with $100, you would need to end with $201.15 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $201.15 over time, that means that the "real value" of a single Mexican 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 2008 dollars, the chart below shows how $100 is worth less over 16 years.
According to the OECD and the World Bank, each of these MXN amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 2008 amounts in today's pesos, based on the 101.15% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 peso in 2008 | $2.01 pesos today |
| $5 pesos in 2008 | $10.06 pesos today |
| $10 pesos in 2008 | $20.12 pesos today |
| $50 pesos in 2008 | $100.58 pesos today |
| $100 pesos in 2008 | $201.15 pesos today |
| $500 pesos in 2008 | $1,005.76 pesos today |
| $1,000 pesos in 2008 | $2,011.52 pesos today |
| $5,000 pesos in 2008 | $10,057.58 pesos today |
| $10,000 pesos in 2008 | $20,115.15 pesos today |
| $50,000 pesos in 2008 | $100,575.77 pesos today |
| $100,000 pesos in 2008 | $201,151.55 pesos today |
| $500,000 pesos in 2008 | $1,005,757.73 pesos today |
| $1,000,000 pesos in 2008 | $2,011,515.46 pesos today |
How to calculate inflation rate for $100 since 2008
Our calculations use the following inflation rate formula to calculate the change in value between 2008 and today:
CPI today CPI in 2008
×
2008 MXN value
=
Today's value
Then plug in historical CPI values. The Mexican CPI was 76.35756 in the year 2008 and 153.59441244038106 in 2024:
153.5944124403810676.35756
×
$100
=
$201.15
$100 in 2008 has the same "purchasing power" or "buying power" as $201.15 in 2024.
To get the total inflation rate for the 16 years between 2008 and 2024, we use the following formula:
CPI in 2024 - CPI in 2008CPI in 2008
×
100
=
Cumulative inflation rate (16 years)
Plugging in the values to this equation, we get:
153.59441244038106 - 76.3575676.35756
×
100
=
101%
Data source & citation
You may use the following MLA citation for this page: “Value of 2008 Mexican Pesos today | Mexico Inflation Calculator.” Official Inflation Data, Alioth Finance, 2 Nov. 2024, https://www.officialdata.org/mexico/inflation/2008.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 101.15% |
| Average inflation rate | 4.46% |
| Converted amount $100 base | $201.15 |
| Price difference $100 base | $101.15 |
| CPI in 2008 | 76.358 |
| CPI in 2024 | 153.594 |
| Inflation in 2008 | 5.12% |
| Inflation in 2024 | 4.50% |
| $100 in 2008 | $201.15 in 2024 |