Chile Inflation April 2016

Chile

Chile: Inflation continues to moderate in April

May 6, 2016

In April, consumer prices rose 0.3% over the previous month, which was slightly below March’s 0.4% increase. According to the Statistical Institute, the result reflected moderate increases in most categories of the price index, particularly in healthcare, housing and basic services.

Inflation moderated for a third consecutive month, edging down from 4.5% in March to 4.2% in April, which marked the lowest reading in five months. Nevertheless, inflation still remained above the upper bound of the Central Bank’s target range of 3.0% plus/minus 1.0 percentage point. Core consumer prices, which exclude volatile categories such as oil, fresh fruit and vegetables, rose 0.4% in April over the previous month, matching March’s print. Core inflation fell from 4.8% in March to 4.6% in April.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to close 2016 at 3.7%, which is unchanged from last month’s forecast. For 2017, the panel sees inflation at 3.2%.


Author: Teresa Kersting, Economist

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Chile Inflation Chart


Chile Inflation April 2016

Note: Year-on-year and monthly variation of consumer price index in %.
Source: Chile National Statistical Institute (INE).


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