Inflation in Chile

Chile Inflation | Economic News & Forecasts

Chile - Inflation

Inflation drops in September

Inflation fell to 13.7% in September from August’s 14.1%. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a faster pace in September and inflation for housing, utilities and fuel was broadly stable from the previous month's reading. Meanwhile, transportation price growth softened but remained elevated.

The trend pointed up, with annual average inflation coming in at 10.1% in September (August: 9.4%). Meanwhile, core inflation fell to 10.3% in September, from August’s 10.9%.

Lastly, consumer prices rose 0.86% from the previous month in September, moderating from the 1.22% rise logged in August. September's result marked the weakest reading since February.

Our panel forecasts inflation to end 2022 at 12.1%, which is up 0.9 percentage points from last month’s estimate, and 2023 at 4.8%.

Chile - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)4.4  3.8  2.2  2.4  2.3  

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Chile Inflation Chart


Chile Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Statistical Insitute (INE) and FocusEconomics calculations

Chile Facts

Value Change Date
Bond Yield3.14-0.44 %Dec 30
Exchange Rate752.00.05 %Jan 01

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