Chile Inflation February 2016


Chile: Inflation moderates in February

March 8, 2016

In February, consumer prices rose 0.3% over the previous month, which was below January’s 0.5% increase. According to the Statistical Institute, the result mainly higher prices for housing and basic services.

Inflation inched down from 4.8% in January to 4.7% in February. As a result, inflation remained above the upper bound of the Central Bank’s target range of 3.0% plus/minus 1.0 percentage point. Core consumer prices, which exclude volatile categories such as oil, fresh fruit and vegetables, rose 0.6% in February over the previous month, which was slightly down from January’s 0.7% increase. Core inflation remained at January’s 4.9%.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to close 2016 at 3.6%, which is unchanged from last month’s forecast. For 2017, the panel sees inflation at 3.1%.

Author: Teresa Kersting, Economist

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Chile Inflation Chart

Chile Inflation February 2016

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

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