Inflation in Chile
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 |
Chile Inflation Chart
Source: National Statistical Insitute (INE) and FocusEconomics calculations
Chile Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.14 | -0.44 % | Dec 30 |
| Exchange Rate | 752.0 | 0.05 % | Jan 01 |
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Economic News
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Chile: Inflation falls to lowest level since October 2019 in June
July 8, 2020
Consumer prices fell a seasonally-adjusted 0.07% over the previous month in June, a slightly milder decrease than May's 0.10% drop.
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Chile: Consumer confidence grows gloomier in June
July 2, 2020
The Adimark GfK consumer confidence index fell to 20.3 points in June, from 21.2 points in May, marking a new record low in the survey’s history.
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Chile: Copper prices jump to five-month high in June
July 1, 2020
Average copper prices rose in June on the back of upbeat demand from China and supply-side concerns in large producing countries.
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Chile: Economic activity contracts at fastest rate on record in May
July 1, 2020
In May, the IMACEC economic activity index sank 15.3% on an annual basis (April: -14.1% year-on-year), marking the largest drop on record as the measures to curtail the spread of Covid-19 ravaged the economy.
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Chile: Copper prices jump to five-month high in June
July 1, 2020
Average copper prices rose in June on the back of upbeat demand from China and supply-side concerns in large producing countries.
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