**Result:**
$100
in 1971 →
$10,689,343.19
in 2022

$100 in 1971 is equivalent in purchasing power to about $10,689,343.19 today, an increase of $10,689,243.19 over 51 years. The peso had an average inflation rate of 25.49% per year between 1971 and today, producing a cumulative price increase of 10,689,243.19%.

This means that today's prices are 106,893.43 times higher than average prices since 1971, according to the World Bank consumer price index for Chile. A peso today only buys 0.00% of what it could buy back then.

The inflation rate in 1971 was 20.05%. The current year-over-year inflation rate (2021 to 2022) is now 3.05%. If this number holds, $100 today will be equivalent in buying power to $103.05 next year.

⌃

Cumulative price change | 10,689,243.19% |

Average inflation rate | 25.49% |

Converted amount ($100 base) | $10,689,343.19 |

Price difference ($100 base) | $10,689,243.19 |

CPI in 1971 | 1.201 |

CPI in 2022 | 128,327.950 |

Inflation in 1971 | 20.05% |

Inflation in 2022 | 3.05% |

$100 in 1971 | $10,689,343.19 in 2022 |

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 $10,689,343.19 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $10,689,343.19 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 51 years.

According to 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 10,689,243.19% change in prices:

Initial value | Equivalent value |
---|---|

$1 peso in 1971 | $106,893.43 peso today |

$5 peso in 1971 | $534,467.16 peso today |

$10 peso in 1971 | $1,068,934.32 peso today |

$50 peso in 1971 | $5,344,671.60 peso today |

$100 peso in 1971 | $10,689,343.19 peso today |

$500 peso in 1971 | $53,446,715.97 peso today |

$1,000 peso in 1971 | $106,893,431.93 peso today |

$5,000 peso in 1971 | $534,467,159.66 peso today |

$10,000 peso in 1971 | $1,068,934,319.31 peso today |

$50,000 peso in 1971 | $5,344,671,596.57 peso today |

$100,000 peso in 1971 | $10,689,343,193.13 peso today |

$500,000 peso in 1971 | $53,446,715,965.66 peso today |

$1,000,000 peso in 1971 | $106,893,431,931.33 peso today |

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 1.200522312041 in the year 1971 and 128327.95004419242 in 2022:

128327.950044192421.200522312041

×

$100

=

$100 in 1971 has the same "purchasing power" or "buying power" as $10,689,343.19 in 2022.

To get the total inflation rate for the 51 years between 1971 and 2022, we use the following formula:

CPI in 2022 - CPI in 1971CPI in 1971

×

100

=

Plugging in the values to this equation, we get:

128327.95004419242 - 1.2005223120411.200522312041

×

100

=

Politics and news often influence economic performance. Here's what was happening at the time:

- Idi Amin declares himself president of Uganda.
- The Nasdaq Composite stock market index debuts with fifty companies and a starting value of 100.
- Indian troops, aided by Bengali guerrillas under Mukti Bahini, are victorious over the Pakistan army, in the battle of Garibpur.

You may use the following MLA citation for this page: “Chile Inflation Calculator: World Bank data, 1971-2022 (CLP).” Official Inflation Data, Alioth Finance, 16 Jan. 2022, https://www.officialdata.org/chile/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

Cumulative price change | 10,689,243.19% |

Average inflation rate | 25.49% |

Converted amount ($100 base) | $10,689,343.19 |

Price difference ($100 base) | $10,689,243.19 |

CPI in 1971 | 1.201 |

CPI in 2022 | 128,327.950 |

Inflation in 1971 | 20.05% |

Inflation in 2022 | 3.05% |

$100 in 1971 | $10,689,343.19 in 2022 |