Skyline in Chile

Chile Inflation October 2018

Chile: Inflation slips below the Central Bank’s target in October

Consumer prices rose 0.4% from the previous month in October, up slightly from September’s 0.3% increase. According to the National Statistical Institute (INE), the increase was primarily driven by higher prices for transport services, alcoholic beverages and tobacco, and food.

Inflation moderated to 2.9% in October (September: 3.1%), falling just below the mid-point of the Central Bank’s 2.0%–4.0% tolerance range. The result was in line with the expectations of market analysts and came on the heels of the first policy rate hike in nearly three years in mid-October. Meanwhile, average inflation over the last 12 months ticked up to 2.3% in October (September: 2.2%).

After removing volatile categories such as fruit, vegetables and fuel, core consumer prices increased 0.1% month-on-month in October, unchanged from September’s reading. Meanwhile, core inflation decelerated to 1.9% in October (September: 2.3%).

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest