Chile Inflation June 2019

Chile

Chile: Inflation stable in June

July 8, 2019

Consumer prices remained stable in June (May: +0.6% month-on-month), as rosier prices for food and recreation offset lower prices for transport. Core consumer prices remained stable as well, following May’s 0.4% month-on-month upturn.

Inflation came in at 2.3% in June, matching May’s result, thus remaining slightly below the midpoint of the Central Bank’s 2.0%–4.0% target rate. In addition, core inflation edged up to 2.1% (May: 2.0%).

Annual average inflation clocked in at 2.4%, unchanged from May’s result.

The Central Bank projects year-end inflation of 2.6% in 2019 and of 3.0% in 2020.

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 2.8%, which is up 0.1 percentage points from last month’s forecast. The panel sees inflation ending 2020 at 2.9%.


Author:, Economist

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Chile Inflation Chart


Chile Inflation June 2019

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


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