Inflation in Chile

Chile Inflation | Economic News & Forecasts

Chile - Inflation

Inflation falls to lowest level since October 2019 in June

Consumer prices fell a seasonally-adjusted 0.07% over the previous month in June, a slightly milder decrease than May's 0.10% drop. The reading was largely driven by falling prices for transport and healthcare.

Inflation came in at 2.6% in June, down from May’s 2.8% print. June's reading marked the weakest inflation rate since October 2019. Meanwhile, the trend was unchanged with annual average inflation coming in at May's 2.9% in June. Lastly, core inflation fell to 2.0% from May’s 2.1%.

In its March assessment, the Central Bank projected inflation to end 2020 at 3.0% and 2021 at 2.9%. 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%.

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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