Inflation in Chile
Chile - Inflation
Inflation slips below the Central Bank’s tolerance range
According to the National Statistical Institute (INE), consumer prices ticked up 0.1% month-on-month in January, after edging down 0.1% in December. The monthly increase reflected higher prices for alcoholic beverages and tobacco, as well as for housing and basic services.
Inflation came in at 1.8% in January, below the Central Bank’s 2.0%–4.0% tolerance range (December: +2.6%). Meanwhile, average inflation over the last 12 months was unchanged at 2.4% in January.
After removing volatile categories such as fruit, vegetables and fuel, core consumer prices rose 0.4% month-on-month in January, after increasing 0.2% in the month prior.
The Central Bank projects year-end inflation of 2.8% in 2019 and of 3.0% in 2020.
Chile Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 2.9%, 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
|Inflation Rate (CPI, annual variation in %)||1.8||4.4||4.4||3.8||2.2|
5 years of economic forecasts for more than 30 economic indicators.
Chile Inflation Chart
Source: National Statistical Insitute (INE) and FocusEconomics calculations
|Bond Yield||4.24||-0.44 %||Mar 20|
|Exchange Rate||662.5||0.05 %||Mar 20|
|Stock Market||26,551||-0.67 %||Mar 20|
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March 18, 2019
According to comprehensive data released by the Central Bank, the economy grew 3.6% year-on-year in the fourth quarter, accelerating from a revised 2.6% increase in the third quarter (previously reported: +2.8% yoy).
March 7, 2019
The Adimark GfK consumer confidence index edged down to 46.3 points in February, from 47.0 points in January.
March 5, 2019
According to the IMACEC index, economic activity rose 2.4% year-on-year in January, moderating from December’s 2.6% rise.
March 1, 2019
The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez rose from 50.7 points in January to 54.2 in February, thus moving further above the crucial 50-point threshold that separates optimism from pessimism among businesses.
February 27, 2019
Copper prices rose in February after a tepid increase in January.