In July, consumer prices were flat over the previous month, which followed the 0.3% drop registered in June and matched market expectations. According to the press release, lower prices for footwear and clothing as well as for utilities offset higher prices for food and alcoholic beverages. As a result, annual headline inflation declined from 2.7% in June to 2.5% in July, which represents the lowest level since November 2010. Annual inflation remains within the Central Bank's target of 3.0% with plus/minus 1.0% tolerance margin. The core inflation index, which excludes volatile categories such as oil, fresh fruit and vegetables, rose 0.1% over the previous month following June's flat reading. Annual core inflation inched down to 2.4% in July from 2.5% in June. The Bank expects inflation to end this year at 2.7%. For 2013, monetary officials forecast inflation closing the year at 3.0%.
Inflation remains within Central Bank target range
August 8, 2012
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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
The Chilean government presented the most austere budget proposal in over a decade on 30 September.
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.