In February, consumer prices rose 0.5% over the previous month. The figure, which came in above the 0.2% increase recorded in January, overshot market expectations of a 0.3% increase. According to the statistical institute, the monthly increase mainly reflected higher prices for transportation, food and non-alcoholic beverages as well as for housing. Annual headline inflation rose from 2.8% in January to 3.2% in February, which represents the highest rate since April 2012. As a result, inflation remains within the Central Bank's target range of 3.0% plus/minus 1.0 percentage points. The core inflation index, which excludes volatile categories such as oil, fresh fruit and vegetables, rose from 0.2% in January to 0.4% in February. Annual core inflation rose from 2.4% in January to 2.7% in February The Central Bank sees 2014 year-end inflation at 2.5%. LatinFocus Consensus Forecast panelists expect inflation to close 2014 at 2.8%, which is down 0.1 percentage points from last month's forecast. For 2015, the panel sees inflation inching up to 2.9%.
Inflation rises to a 22-month high in February
March 7, 2014
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Chile Inflation Chart
Note: Year-on-year and monthly variation of consumer price index in %.
Source: Chile National Statistical Institute (INE).
Chile Economic News
October 12, 2016
In September, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose slightly, inching up from August’s record-low of 31.5 points to 33.4 points.
October 7, 2016
In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading.
October 6, 2016
In Q3, the mood among Chilean businesses improved and reached the highest level in a year.
October 5, 2016
For a third consecutive month, the mood among Chilean businesses improved in September after it had fallen to the lowest level in over seven years in June.
October 5, 2016
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).