Chile Inflation April 2020


Chile: Inflation falls in April

May 8, 2020

Consumer prices were flat in April over the last month, after March's 0.3% rise. A faster increase in prices for food and beverages was largely offset by lower prices for clothing and footwear, and transport.

Inflation came in at 3.4% in April, slightly below March’s 3.7%. April's result marked the lowest inflation rate since December 2019. Meanwhile, the trend pointed up mildly with annual average inflation coming in at 2.8% in April (March: 2.7%). Lastly, core inflation fell to 2.3% from March’s 2.5%.

In its March assessment, the Central Bank projected inflation to end 2020 at 3.0% and 2021 at 2.9%. FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 3.1%, which is unchanged from last month’s forecast. The panel sees inflation ending 2021 at 2.8%.

Author:, Economist

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Chile Inflation Chart

Chile Inflation April 20 20 0

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

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