In March, consumer prices rose 0.2% over the previous month, which was below both the 0.4% increase recorded in February and market analysts' expectations, which had prices increasing by 0.5%. The monthly reading mainly reflected higher prices for education as well as for food and non-alcoholic beverages, which were partially offset by lower transport prices. Annual headline inflation fell from 4.4% in February to 3.8% in March, within the Central Bank's target of 3.0% (with a 1.0% tolerance margin). The core inflation index, which excludes volatile categories such as oil, fresh fruit and vegetables, was flat over the previous month. Annual core inflation edged down from 3.5% in February to 3.1% in March. According to its March Monetary Policy Report, the Central Bank expects inflation to end the year at 3.5%, above the previous 2.7%. For 2013, the Banks expects inflation to end the year at 3.0%.
Inflation slides within Central Bank's target range
April 5, 2012
Looking for forecasts related to Inflation in Chile? Download a sample report now.
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
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).
October 5, 2016
The Chilean government presented the most austere budget proposal in over a decade on 30 September.