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Chile Inflation January 2022

Chile: Inflation comes in at highest level since November 2008 in January

Consumer prices increased 1.21% from the previous month in January, picking up from December’s 0.78% rise. January’s figure was the highest reading since October 2021. The pick-up was broad-based, with greater price pressures recorded for food and non-alcoholic beverages, housing, utilities and fuel, and transportation.

Inflation rose to 7.7% in January, following December’s 7.2%. January’s result was the highest inflation rate since November 2008, and was well above the Central Bank’s 3% target. Annual average inflation rose to 4.9% in January (December: 4.5%). Lastly, core inflation rose to 7.1% in January, from December’s 6.4%.

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