Chile Inflation June 2020

Chile

Chile: Inflation falls to lowest level since October 2019 in June

July 8, 2020

Consumer prices fell a seasonally-adjusted 0.07% over the previous month in June, a slightly milder decrease than May's 0.10% drop. The reading was largely driven by falling prices for transport and healthcare.

Inflation came in at 2.6% in June, down from May’s 2.8% print. June's reading marked the weakest inflation rate since October 2019. Meanwhile, the trend was unchanged with annual average inflation coming in at May's 2.9% in June. Lastly, core inflation fell to 2.0% from May’s 2.1%.

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 2.6%, which is unchanged from last month’s forecast. The panel sees inflation ending 2021 at 2.8%.


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Chile Inflation June 20 20

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


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