Inflation in Chile
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 |
Chile Inflation Chart
Source: National Statistical Insitute (INE) and FocusEconomics calculations
Chile Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.24 | -0.44 % | Mar 20 |
| Exchange Rate | 662.5 | 0.05 % | Mar 20 |
| Stock Market | 26,551 | -0.67 % | Mar 20 |
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