Chile Inflation August 2020

Chile

Chile: Inflation steady in August

September 8, 2020

Consumer prices increased a seasonally-adjusted 0.13% in August over the previous month, picking up from the 0.10% rise seen in July. August's result was the sharpest increase in prices since March. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a slower pace in August, in contrast, prices for housing, utilities and fuel rebounded. Meanwhile, transportation prices were broadly stable.

Inflation came in at July’s 2.5% in August. August's figure marked the weakest inflation rate since September 2019. Annual average inflation remained at July's 2.9% in August. Lastly, core inflation ticked up to 2.0% from July’s 1.8%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2020 at 2.6%, which is unchanged from last month’s forecast. The panel sees inflation ending 2021 at 2.8%.


Author: Massimo Bassetti, Senior Economist

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Chile Inflation August 20 20 0

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


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