Chile Inflation January 2021


Chile: Inflation inches up in January

February 9, 2021

Consumer prices jumped a seasonally-adjusted 0.70% in January over the previous month, following the softer 0.34% increase seen in December. Looking at the details of the release, prices for food and non-alcoholic beverages and for transport grew the most.

Inflation accelerated to 3.1% in January from 3.0% in December, marking the fastest inflation in nine months. Meanwhile, annual average inflation was stable at December’s 3.0%. Lastly, core inflation climbed from 2.6% in December to 2.7% in January, marking the highest reading in close to one year.

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 January 2021

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

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