Inflation in Chile
Chile - Inflation
Inflation recedes in December
According to the National Statistical Institute (INE), consumer prices decreased by 0.1% month-on-month in December, after flat growth in November. The reading was led by lower prices for food and non-alcoholic beverages as well as for clothing.
Inflation logged 2.6% in December, remaining within the Central Bank’s 2.0%–4.0% tolerance range (November: +2.8%). Meanwhile, average inflation over the last 12 months came in at 2.4%, unchanged from November’s result.
After removing volatile categories such as fruit, vegetables and fuel, core consumer prices ticked up by 0.2% month-on-month in December, after zero growth a month prior. On an annual basis, core inflation inched up to 2.1% (November: +2.0%).
The Central Bank projects year-end inflation of 2.8% in 2019 and of 3.0% in 2020. FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 3.0%, which is down 0.1 percentage points from last month’s forecast. The panel sees inflation ending 2020 at 3.0% as well.
Chile - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 1.8 | 4.4 | 4.4 | 3.8 | 2.2 |
Chile Inflation Chart
Source: National Statistical Insitute (INE) and FocusEconomics calculations
Chile Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.49 | -0.44 % | Jan 16 |
| Exchange Rate | 669.0 | 0.05 % | Jan 16 |
| Stock Market | 27,326 | -0.67 % | Jan 16 |
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Economic News
Chile: Copper prices decline in December
January 10, 2019
Copper prices fell in recent weeks after a soft recovery in the October–November period.
Chile: Inflation recedes in December
January 9, 2019
According to the National Statistical Institute (INE), consumer prices decreased by 0.1% month-on-month in December, after flat growth in November.
Chile: Economic activity loses steam despite mining rebound in November
January 7, 2019
According to the IMACEC monthly economic activity index , economic activity rose 3.1% year-on-year in November, decelerating from the 4.2% increase logged in October.
Chile: Chilean consumers continue to lose confidence in December
January 7, 2019
The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) inched down to 44.6 points in December, from 44.9 points in November, the lowest reading in 16 months.
Chile: Business confidence inches down in December
January 2, 2019
The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez inched down from 49.0 points in November to 48.8 points in December, staying below the crucial 50-point threshold that separates pessimism from optimism among businesses.
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