Inflation in Chile

Chile Inflation | Economic News & Forecasts

Chile - Inflation

Inflation recedes in September

Consumer prices saw no growth in September, following August’s 0.2% month-on-month increase. According to the national statistical institute, lower transport prices offset higher costs for alcoholic beverages and tobacco. Meanwhile, core consumer prices rose 0.1%, matching August’s result.

Inflation inched down to 2.1% in September (August: 2.3%), landing marginally above the lower bound of the Central Bank’s 2.0%–4.0% target rate. Similarly, core inflation ticked down to 2.3% (August: 2.4%).

Annual average inflation came in at 2.3%, marginally below August’s 2.4%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 2.8%, which is up 0.1 percentage points from last month’s forecast. The panel sees inflation ending 2020 at 2.8% again, which is down 0.1 percentage points from last month’s projection.

Chile - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.8  4.4  4.4  3.8  2.2  

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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

Bond Yield2.57-0.44 %Sep 04
Exchange Rate722.80.05 %Sep 04
Stock Market24,044-0.67 %Sep 04

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