Inflation in Chile

Chile Inflation | Economic News & Forecasts

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

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

ValueChangeDate
Bond Yield3.44-0.44 %Jun 13
Exchange Rate696.10.05 %Jun 13
Stock Market25,768-0.67 %Jun 13

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