Chile Inflation July 2020


Chile: Inflation ticks down in July

August 7, 2020

Consumer prices rose a seasonally-adjusted 0.10% over the previous month in July, contrasting June's 0.07% drop. The reading was largely driven by rising prices for non-alcoholic beverages and for alcoholic beverages and tobacco.

Inflation came in at 2.5% in July, down from June’s 2.6% print. July's reading marked the weakest inflation rate since October 2019. Meanwhile, the trend was unchanged with annual average inflation coming in at June's 2.9% in June. Lastly, core inflation fell to 1.8% from June’s 2.0%.

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 Chart

Chile Inflation July 20 20

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

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