**Result:**
$100
in 1971 →
$10,373,421.80
in 2021

$100 in 1971 is equivalent in purchasing power to about $10,373,421.80 today, an increase of $10,373,321.80 over 50 years. The pesos had an average inflation rate of 25.98% per year between 1971 and today, producing a cumulative price increase of 10,373,321.80%.

This means that today's prices are 103,734.22 times higher than average prices since 1971, according to the World Bank consumer price index for Chile. A pesos today only buys 0.00% of what it could buy back then.

The 1971 inflation rate was 20.05%. The current year-over-year inflation rate (2020 to 2021) is now 3.05%^{1}.
If this number holds, $100 today will be equivalent in buying power to $103.05 next year.

⌃

Cumulative price change | 10,373,321.80% |

Average inflation rate | 25.98% |

Converted amount ($100 base) | $10,373,421.80 |

Price difference ($100 base) | $10,373,321.80 |

CPI in 1971 | 0.001 |

CPI in 2021 | 140.071 |

Inflation in 1971 | 20.05% |

Inflation in 2021 | 3.05% |

$100 in 1971 | $10,373,421.80 in 2021 |

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 $10,373,421.80 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $10,373,421.80 over time, that means that the "real value" of a single Chilean pesos decreases over time. In other words, a pesos will pay for fewer items at the store.

This effect explains how inflation erodes the value of a pesos over time. By calculating the value in 1971 dollars, the chart below shows how $100 is worth less over 50 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 10,373,321.80% change in prices:

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

$1 pesos in 1971 | $103,734.22 peso today |

$5 peso in 1971 | $518,671.09 peso today |

$10 peso in 1971 | $1,037,342.18 peso today |

$50 peso in 1971 | $5,186,710.90 peso today |

$100 peso in 1971 | $10,373,421.80 peso today |

$500 peso in 1971 | $51,867,109.01 peso today |

$1,000 peso in 1971 | $103,734,218.03 peso today |

$5,000 peso in 1971 | $518,671,090.15 peso today |

$10,000 peso in 1971 | $1,037,342,180.30 peso today |

$50,000 peso in 1971 | $5,186,710,901.48 peso today |

$100,000 peso in 1971 | $10,373,421,802.96 peso today |

$500,000 peso in 1971 | $51,867,109,014.82 peso today |

$1,000,000 peso in 1971 | $103,734,218,029.63 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 0.0013502849 in the year 1971 and 140.0707482187199 in 2021:

140.07074821871990.0013502849

×

$100

=

$100 in 1971 has the same "purchasing power" or "buying power" as $10,373,421.80 in 2021.

To get the total inflation rate for the 50 years between 1971 and 2021, we use the following formula:

CPI in 2021 - CPI in 1971CPI in 1971

×

100

=

Plugging in the values to this equation, we get:

140.0707482187199 - 0.00135028490.0013502849

×

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, 1971-2021 (CLP).” Official Inflation Data, Alioth Finance, 20 Oct. 2021, https://www.officialdata.org/chile/inflation.

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

Cumulative price change | 10,373,321.80% |

Average inflation rate | 25.98% |

Converted amount ($100 base) | $10,373,421.80 |

Price difference ($100 base) | $10,373,321.80 |

CPI in 1971 | 0.001 |

CPI in 2021 | 140.071 |

Inflation in 1971 | 20.05% |

Inflation in 2021 | 3.05% |

$100 in 1971 | $10,373,421.80 in 2021 |