Chile Inflation November 2020

Chile

Chile: Inflation drops in November

December 8, 2020

Consumer prices decreased a seasonally-adjusted 0.13% in November over the previous month, swinging from the 0.68% rise seen in October. November's result was the sharpest fall in prices since December 2018. Looking at the details of the release, prices for clothing and footwear and alcoholic beverages and tobacco fell the most. In contrast, prices for food and non-alcoholic beverages and for transport increased.

Inflation dipped to 2.7% in November from 3.0% in October. Annual average inflation inched up to 3.1% from October’s 3.0%. Lastly, core inflation was stable at October’s 2.4% in November.

FocusEconomics Consensus Forecast panelists expect inflation to end 2021 at 2.8%, which is unchanged from last month’s forecast. The panel sees inflation ending 2022 at 2.9%.


Author: Massimo Bassetti, Senior Economist

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Chile Inflation Chart


Chile Inflation November 20 20

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


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