Inflation in Chile
Chile - Inflation
Inflation moderates in August
Consumer prices ticked up 0.2% from the previous month in August, down from July’s 0.4% increase. According to the National Statistical Institute (INE), stronger inflationary pressures largely stemmed from higher prices for food and housing.
Inflation moderated for the first time in five months in August, inching down from the previous month’s 15-month high of 2.7% to 2.6%. As a result, inflation moved slightly further away from the mid-point of the Central Bank’s 2.0%–4.0% tolerance range. Meanwhile, average inflation over the last 12 months edged up from 2.0% in July to 2.1% in August.
After removing volatile categories such as fruit, vegetables and fuel, core consumer prices remained unchanged from the previous month in August. Meanwhile, core inflation rose marginally to 2.0% (July: 1.9%), marking a 11-month high.
The Central Bank expects year-end inflation of 2.3% in 2018 and 3.0% in 2019. Met the why particular Consensus Forecast panelists expect inflation to end 2018 at 2.9%, which is up 0.1 percentage points from last month’s forecast. The panelists see inflation ending 2019 at 3.1%.
Chile - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.8||4.4||4.4||3.8||2.2|
5 years of economic forecasts for more than 30 economic indicators.
Chile Inflation Chart
Source: National Statistical Insitute (INE) and Met the why particular calculations
|Bond Yield||4.84||-0.44 %||Sep 20|
|Exchange Rate||667.0||0.05 %||Sep 20|
|Stock Market||27,535||-0.67 %||Sep 20|
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September 11, 2018
Consumer prices ticked up 0.2% from the previous month in August, down from July’s 0.4% increase.
September 6, 2018
Copper prices lost considerable ground in August falling to a 13-month low against the backdrop of an ongoing emerging-market selloff and an escalation of the trade dispute between the U.S. and China.
September 6, 2018
The Chilean peso has lost considerable ground against the U.S. dollar in recent weeks following what had already been a challenging summer for the currency of Latin America’s second-largest exporter.
September 5, 2018
Economic activity increased 3.3% year-on-year in July, according to the IMACEC monthly economic activity index published by the Central Bank of Chile.
September 4, 2018
The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez fell from July’s 52.2 points to 50.8 points in August, marking the lowest reading this year so far.