Chile Inflation June 2016

Chile

Chile: Inflation stable in June

July 8, 2016

In June, consumer prices rose 0.4% over the previous month, which was above May’s 0.2% increase and marked the highest reading in five months. According to the Statistical Institute, the modest increase mainly reflected higher prices for food and non-alcoholic beverages.

Inflation in June matched May’s 4.2% reading, and thus remained slightly above the upper bound of the Central Bank’s target range of 3.0% plus/minus 1.0 percentage point. Core consumer prices, which exclude volatile categories such as oil, fresh fruit and vegetables, grew 0.2% in June over the previous month, contrasting May’s 0.1% fall. Core inflation inched down from 5.0% in May to 4.9% in June.

Panelists participating in the LatinFocus Consensus Forecast expect inflation to close 2016 at 3.6%, which is unchanged from last month’s forecast. For 2017, the panel sees inflation at 3.1%.


Author: Teresa Kersting, Economist

Sample Report

Looking for forecasts related to Inflation in Chile? Download a sample report now.

Download

Chile Inflation Chart


Chile Inflation June 2016 0

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


Chile Economic News

More news

Search form