Chile Inflation June 2021

Chile

Chile: Inflation rises further in June

July 9, 2021

Consumer prices increased a seasonally-adjusted 0.08% in June over the previous month, following the 0.27% rise seen in May. Looking at the details of the release, prices for transport and for housing and transportation grew the most.

Inflation rose to an over one-year high of 3.8% in June from May’s 3.7%. Meanwhile, annual average inflation inched up to 3.0% from 2.9% in May. Lastly, core inflation was stable at May’s 3.1%, which had marked the highest reading since October 2016.

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 June 2021

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


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