Chile Inflation April 2017

Chile

Chile: Inflation remains low in April

May 8, 2017

Consumer prices in Chile rose 0.2% in April compared to the previous month, down slightly from March’s 0.4% and bang in line with analysts’ expectations. According to the National Statistical Institute (INE), April’s figure was underpinned by a rise in prices for food and non-alcoholic drinks and health, while the price of clothing and footwear fell month-on-month.

Inflation was 2.7% in April, mirroring March’s figure and below the Central Bank’s central target of 3.0%, although still within the 2.0%-4.0% tolerance range. After stripping out volatile categories such as oil, fresh fruit and vegetables, core consumer prices rose 0.3% in April, mirroring March’s figure, while core inflation was 2.2% in April, again identical to March’s result.

The Central Bank predicts year-end inflation of 2.9% in 2017 and 3.0% in 2018. FocusEconomics Consensus Forecast panelists expect inflation to reach 3.0% in 2017, which is unchanged from last month’s forecast. For 2018, panelists also forecast inflation of 3.0%.


Author:, Economist

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Chile Inflation Chart


Chile Inflation April 2017

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


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