# Chile Inflation Calculator

\$

Result: \$100 in 1971 → \$10,019,168.21 in 2020

### Chilean Inflation Rate, \$100 from 1971 to 2020

Updated: March 11, 2020

According to the World Bank consumer price index for Chile, today's prices in 2020 are 10,019,068.21% higher than average prices since 1971. The Chilean Peso experienced an average inflation rate of 26.49% per year during this period, meaning the real value of a pesos decreased.

In other words, \$100 in 1971 is equivalent in purchasing power to about \$10,019,168.21 in 2020, a difference of \$10,019,068.21 over 49 years. This inflation data is collected by the World Bank and is specific to Chile.

The 1971 inflation rate was 20.05%. The current inflation rate (2019 to 2020) is now 2.56%1. If this number holds, \$100 today will be equivalent in buying power to \$102.56 next year.

 Cumulative price change 10,019,068.21% Average inflation rate 26.49% Converted amount (\$100 base) \$10,019,168.21 Price difference (\$100 base) \$10,019,068.21 CPI in 1971 0.001 CPI in 2020 135.287 Inflation in 1971 20.05% Inflation in 2020 2.56%

CLP Inflation since 1970
Annual Rate, the World Bank CPI

### 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 \$10,019,168.21 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$10,019,168.21 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 buys less over the past 49 years.

According to the World Bank, each of these CLP amounts below is equal in terms of what it could buy at the time:

Year Pesos Value Inflation Rate
1971 \$100.00 20.05%
1972 \$177.80 77.80%
1973 \$805.08 352.81%
1974 \$4,868.62 504.74%
1975 \$23,113.06 374.74%
1976 \$72,095.25 211.92%
1977 \$138,389.82 91.95%
1978 \$193,866.46 40.09%
1979 \$258,596.96 33.39%
1980 \$349,463.63 35.14%
1981 \$418,261.95 19.69%
1982 \$459,841.49 9.94%
1983 \$585,181.38 27.26%
1984 \$701,399.60 19.86%
1985 \$916,753.82 30.70%
1986 \$1,095,308.48 19.48%
1987 \$1,313,065.07 19.88%
1988 \$1,505,880.15 14.68%
1989 \$1,762,300.47 17.03%
1990 \$2,221,141.50 26.04%
1991 \$2,705,004.13 21.78%
1992 \$3,122,272.83 15.43%
1993 \$3,519,668.44 12.73%
1994 \$3,922,428.31 11.44%
1995 \$4,245,347.34 8.23%
1996 \$4,557,767.45 7.36%
1997 \$4,837,334.73 6.13%
1998 \$5,084,534.61 5.11%
1999 \$5,254,199.39 3.34%
2000 \$5,456,132.61 3.84%
2001 \$5,650,867.47 3.57%
2002 \$5,791,540.06 2.49%
2003 \$5,954,292.69 2.81%
2004 \$6,017,094.92 1.05%
2005 \$6,200,771.33 3.05%
2006 \$6,411,102.57 3.39%
2007 \$6,693,691.10 4.41%
2008 \$7,277,131.21 8.72%
2009 \$7,302,822.77 0.35%
2010 \$7,405,844.50 1.41%
2011 \$7,653,289.83 3.34%
2012 \$7,883,458.57 3.01%
2013 \$8,024,537.44 1.79%
2014 \$8,403,189.31 4.72%
2015 \$8,768,624.98 4.35%
2016 \$9,100,622.09 3.79%
2017 \$9,299,263.05 2.18%
2018 \$9,525,689.86 2.43%
2019 \$9,769,313.64 2.56%
2020 \$10,019,168.21 2.56%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 43 more rows

### How to Calculate Inflation Rate for \$100 since 1971

This inflation calculator uses the following inflation rate formula:

CPI in 2020CPI in 1971
×
1971 CLP value
=
2020 CLP value

Then plug in historical CPI values. The Chilean CPI was 0.0013502849 in the year 1971 and 135.28731549074936 in 2020:

135.287315490749360.0013502849
×
\$100
=
\$10,019,168.21

\$100 in 1971 has the same "purchasing power" or "buying power" as \$10,019,168.21 in 2020.

To get the total inflation rate for the 49 years between 1971 and 2020, we use the following formula:

CPI in 2020 - CPI in 1971CPI in 1971
×
100
=
Cumulative inflation rate (49 years)

Plugging in the values to this equation, we get:

135.28731549074936 - 0.00135028490.0013502849
×
100
=
10,019,068%

### News headlines from 1971

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.

### Data Source & Citation

You may use the following MLA citation for this page: “Chile Inflation Calculator: World Bank data, 1971-2020 (CLP).” Official Inflation Data, Alioth Finance, 4 Apr. 2020, https://www.officialdata.org/chile/inflation.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

#### About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

 Cumulative price change 10,019,068.21% Average inflation rate 26.49% Converted amount (\$100 base) \$10,019,168.21 Price difference (\$100 base) \$10,019,068.21 CPI in 1971 0.001 CPI in 2020 135.287 Inflation in 1971 20.05% Inflation in 2020 2.56%