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Chile Inflation June 2023

Chile: Inflation declines to lowest level since December 2021 in June

Inflation came in at 7.6% in June, down from May’s 8.7%. June’s figure represented the lowest inflation rate since December 2021. The decline was driven by moderating price pressures for food and non-alcoholic beverages and transportation.

Annual average inflation fell to 11.7% in June (May: 12.2%). Meanwhile, core inflation fell to 6.9% in June, from May’s 7.9%.

Finally, consumer prices dropped 0.15% over the previous month in June, swinging from the 0.11% increase logged in May. June’s result marked the weakest reading since September 2017, and contrasted market expectations of an increase in prices.

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