Chile Inflation May 2021


Chile: Inflation rises further in May

June 9, 2021

Consumer prices increased a seasonally-adjusted 0.27% in May over the previous month, following the 0.38% rise seen in April. Looking at the details of the release, prices for transport and for alcoholic beverages and tobacco grew the most.

Inflation rose to an over one-year high of 3.7% in May from April’s 3.3%. Meanwhile, annual average inflation was unchanged at the previous month’s 2.9% in May. Lastly, core inflation rose to 3.1% from 2.9% in April, marking 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 May 2021

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

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