Inflation in Chile

Chile Inflation | Economic News & Forecasts

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

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 Yield4.24-0.44 %Mar 20
Exchange Rate662.50.05 %Mar 20
Stock Market26,551-0.67 %Mar 20

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