Inflation in Chile
Chile - Inflation
Inflation recedes in July
Consumer prices rose 0.2% month-on-month in July, after a neutral print in June. The upturn reflected higher prices for housing and basic services, and clothing. Similarly, core consumer prices rose 0.3% over the previous month in July, following a neutral print a month prior.
Inflation eased to 2.2% in July, (June: 2.3%), thus remaining below the midpoint of the Central Bank’s 2.0%–4.0% target rate. In addition, core inflation edged up to 2.2% (June: 2.1%).
Annual average inflation clocked in at 2.4%, unchanged from June’s result.
The Central Bank projects year-end inflation of 2.6% in 2019 and of 3.0% in 2020.
FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 2.8%, which is unchanged from last month’s forecast. The panel sees inflation ending 2020 at 2.9%.
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||2.88||-0.44 %||Jul 31|
|Exchange Rate||703.6||0.05 %||Jul 31|
|Stock Market||25,281||-0.67 %||Jul 31|
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August 19, 2019
The economy grew 1.9% year-on-year in the second quarter, slightly above the previous quarter’s 1.6% outturn, which had marked the slowest expansion since Q2 2017.
August 8, 2019
Consumer prices rose 0.2% month-on-month in July, after a neutral print in June.
August 5, 2019
The Adimark GfK consumer confidence index rose to 40.3 points in July, from 37.8 points in June which had marked the lowest print since March 2017.
August 5, 2019
In June, the IMACEC economic activity index rose 1.3% year-on-year, decelerating from May’s 2.3% result.
August 1, 2019
The business confidence index (IMCE), published by ICARE and the Adolfo Ibáñez University, slightly improved in July, landing at 50.4 points (June: 50.2 points), marginally above the crucial 50-point threshold that separates optimism from pessimism among Chilean businesses.