In Chile, most of prices are measured in the local currency, the peso (currency code CLP). However, there are two other units of account. These are the UF and the UTM. These keep track of the real value of the currency, and are updated daily based on past inflation. For instance, the 16th of March of 2009, the UF was equivalent to CLP$21,000.46, whereas today (10th of July of 2017), its value is CLP\$26,666.19. The difference reflects the effect of inflation between the two dates.