Inflation in Chile
Chile - Inflation
Inflation speeds up in May
Consumer prices rose 0.6% month-on-month in May (April: 0.3%), the fastest monthly increase in almost two years. According to Chile’s Statistical Institute (INE), May’s print largely reflected higher prices for housing, and recreation and culture. Meanwhile, core consumer prices rose 0.4% month-on-month (April: 0.1%).
Inflation came in at 2.3% in May, accelerating from April’s 2.0% result, thus rising closer to the midpoint of the Central Bank’s 2.0%–4.0% target rate. In addition, core inflation edged up to 2.0% (April: 1.9%).
Annual average inflation clocked in at 2.4%, unchanged from April’s result.
The Central Bank projects year-end inflation of 2.6% in 2019 and of 3.0% in 2020.
Chile Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to end 2019 at 2.7%, 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||3.44||-0.44 %||Jun 13|
|Exchange Rate||696.1||0.05 %||Jun 13|
|Stock Market||25,768||-0.67 %||Jun 13|
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June 7, 2019
Consumer prices rose 0.6% month-on-month in May (April: 0.3%), the fastest monthly increase in almost two years.
June 7, 2019
At its 7 June monetary policy meeting, the board of the Central Bank of Chile (BCCh) voted unanimously to cut the key policy rate by 50 basis points to 2.50%, marking the sharpest reduction in a decade, amid softer-than-expected inflation and lackluster growth in the first quarter.
June 6, 2019
The Adimark GfK consumer confidence index declined to 40.7 points in May, from 43.2 points in April, marking the lowest reading since May 2017.
June 5, 2019
In April, the IMACEC index gathered momentum for a second consecutive month, after February recorded the weakest expansion in almost two years.
June 4, 2019
The business confidence index (IMCE), published by ICARE and the Adolfo Ibáñez University, deteriorated for the fourth consecutive month in May, landing at 50.6 points (April: 52.1 points).