Calculating a reasonable CHIP estimate requires analyzing mountains of data from markets across the world. Some of the data is clearly not reliable and has to be filtered out. Even the best data is slow to be published. So a quality CHIP estimate by the current algorithm is likely at best to be a year or two out of date.
The graph below performs an extrapolation of the CHIP valuation estimate in both time directions so we can see, based on the 2019 estimate, what a CHIP might have been worth at various points in time.
The function is performed simply by adjusting the CHIP valuation, expressed in US Dollars, by the inflation rate of the Dollar. This can provide a means of estimating the present, adjusted CHIP value in between the more complex and less frequent recalculations based on world economic data.
The base CHIP value of $2.53 was estimated from 2019 data. Values shown for other dates are extrapolated using the US Consumer Price Index (CPI-U). This inflation adjustment provides a useful approximation because the CHIP, as a measure of basic human labor value, tends to track general price levels closely.