Chile Inflation July 2019


Chile: Inflation recedes in July

August 8, 2019

Consumer prices rose 0.2% month-on-month in July, after a neutral print in June. The upturn reflected higher prices for housing and basic services, and clothing. Similarly, core consumer prices rose 0.3% over the previous month in July, following a neutral print a month prior.

Inflation eased to 2.2% in July, (June: 2.3%), thus remaining below the midpoint of the Central Bank’s 2.0%–4.0% target rate. In addition, core inflation edged up to 2.2% (June: 2.1%).

Annual average inflation clocked in at 2.4%, unchanged from June’s result.

The Central Bank projects year-end inflation of 2.6% in 2019 and of 3.0% in 2020.

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 2.8%, which is unchanged from last month’s forecast. The panel sees inflation ending 2020 at 2.9%.

Author:, Economist

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Chile Inflation Chart

Chile Inflation July 2019

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

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