Chile Inflation October 2020


Chile: Inflation inches down in October

November 9, 2020

Consumer prices increased a seasonally-adjusted 0.68% in October over the previous month, picking up from the 0.64% rise seen in September. October's result was the sharpest increase in prices since October 2019. Looking at the details of the release, prices for utilities increased at a much faster pace than in September. In contrast, prices for food and non-alcoholic beverages grew at a softer pace.

Inflation dipped to 3.0% in October from 3.1% in August. Annual average inflation was stable at September’s 3.0%. Lastly, core inflation ticked up to 2.4% from September’s 2.2%.

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 October 20 20

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

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