Inflation in Chile
Chile - Inflation (end of period)
Inflation drops in September
Inflation fell to 13.7% in September from August’s 14.1%. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a faster pace in September and inflation for housing, utilities and fuel was broadly stable from the previous month's reading. Meanwhile, transportation price growth softened but remained elevated.
The trend pointed up, with annual average inflation coming in at 10.1% in September (August: 9.4%). Meanwhile, core inflation fell to 10.3% in September, from August’s 10.9%.
Lastly, consumer prices rose 0.86% from the previous month in September, moderating from the 1.22% rise logged in August. September's result marked the weakest reading since February.
Our panel forecasts inflation to end 2022 at 12.1%, which is up 0.9 percentage points from last month’s estimate, and 2023 at 4.8%.
Chile - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||4.4||2.7||2.3||2.6||3.0|
5 years of economic forecasts for more than 30 economic indicators.
Chile Inflation (eop) Chart
Source: National Statistical Insitute (INE) and FocusEconomics calculations
|Bond Yield||3.14||-0.44 %||Dec 30|
|Exchange Rate||752.0||0.05 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 2, 2022
Economic activity dropped 0.4% year on year in September (August: -0.0% yoy).
November 2, 2022
Business confidence fell to 39.0 in October from September's 43.3.
November 1, 2022
Copper prices declined in October to USD 7,651 per metric ton from the prior month’s USD 7,746 per ton.
October 14, 2022
Consumer confidence fell to 88.8 in September from August's 91.8.
October 13, 2022
At its mid-October meeting, the board of the Central Bank of Chile (BCCh) decided to increase the monetary policy rate from 10.75% to 11.25%, taking total tightening this year to 725 basis points.