Skyline in Chile

Chile Inflation April 2022

Chile: Inflation comes in at highest level since August 1994 in April

Consumer prices increased 1.40% over the previous month in April, slowing down from March’s 1.86% rise. The cooling of price pressures was primarily driven by slower growth in prices for food and non-alcoholic beverages. That said, the month-on-month rise was still extremely elevated by historical standards.

Inflation came in at 10.5% in April, up from March’s 9.4%. April’s reading represented the highest inflation rate since August 1994 and was even further above the Central Bank’s 3% target. Annual average inflation rose to 6.5% in April (March: 5.9%). Lastly, core inflation rose to 8.3% in April, from the previous month’s 7.4%. Until recently inflation was being driven by fiscal stimulus and a weak peso. Since February, higher international energy and food prices and renewed supply constraints have further intensified price pressures.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest