Chile Inflation December 2019


Chile: Inflation at a 15-month high in December

January 8, 2020

Consumer prices rose 0.1% over the previous month in December, matching November’s print. According to the Statistical Institute, December’s result chiefly reflected higher prices for transport and housing, which more than offset falling food costs. Similarly, core consumer prices rose 0.1% (November: -0.2%).

Inflation logged 3.0% in December (November: 2.7%), marking the highest reading since September 2018 and landing on the Central Bank’s target rate. Meanwhile, core inflation was stable at November’s 2.5%.

Annual average inflation came in at 2.5%, up from November’s 2.2%.

In its December assessment, the Central Bank projected inflation to end 2020 at 3.6% and 2021 at 3.1%. FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 2.8%, which is unchanged from last month’s forecast. The panel sees inflation ending 2021 at 2.9%.

Author:, Economist

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