Inflation in Chile
Chile - Inflation
Inflation picks up pace in June
Consumer prices rose 0.1% in June, edging down from the previous month’s reading (May: +0.3% month-on-month) and coming in marginally below market expectations of a more moderate 0.2% increase. According to the National Statistical Institute (INE), the increase was driven by higher prices for transport, housing and utilities, and food and beverages.
Inflation rose for a third consecutive month in June, coming in at 2.5% (May 2.0%) and marking a 13-month high. As a result, inflation moved closer to the mid-point of the Central Bank’s 2.0%–4.0% tolerance range. In addition, average inflation over the last 12 months ticked up from 1.9% in May to 2.0% in June.
After removing volatile categories such as fruit, vegetables and fuel, core consumer prices remained flat in June, down from the previous month’s 0.2% increase. Meanwhile, core inflation stood at 1.9%, up from May’s 1.7% print.
Chile Inflation Forecast
The Central Bank predicts 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 2.8%, which is up 0.1 percentage points from last month’s forecast. The panelists see inflation ending 2019 at 3.0%.
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||4.57||-0.44 %||Jul 13|
|Exchange Rate||650.4||0.05 %||Jul 13|
|Stock Market||26,850||-0.67 %||Jul 13|
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July 6, 2018
Consumer prices rose 0.1% in June, edging down from the previous month’s reading (May: +0.3% month-on-month) and coming in marginally below market expectations of a more moderate 0.2% increase.
July 6, 2018
The Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) came in at 52.7 points in June, up from 51.2 in May and marking the strongest reading so far this year.
July 5, 2018
Economic activity rose 4.9% year-on-year in May, according to the Monthly Indicator for Economic Activity (IMACEC) published by the Central Bank of Chile.
July 3, 2018
The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez edged down from May’s 55.9 points to 55.1 in June.
July 2, 2018
Copper prices surged to an over four-year high on 8 June, but have trended firmly downward since, dropping to multi-month lows at the end of the month amid a stronger U.S. dollar and intensifying trade war concerns.