Inflation in Chile

Chile Inflation | Economic News & Forecasts

Chile - Inflation

Inflation recedes in December

According to the National Statistical Institute (INE), consumer prices decreased by 0.1% month-on-month in December, after flat growth in November. The reading was led by lower prices for food and non-alcoholic beverages as well as for clothing.

Inflation logged 2.6% in December, remaining within the Central Bank’s 2.0%–4.0% tolerance range (November: +2.8%). Meanwhile, average inflation over the last 12 months came in at 2.4%, unchanged from November’s result.

After removing volatile categories such as fruit, vegetables and fuel, core consumer prices ticked up by 0.2% month-on-month in December, after zero growth a month prior. On an annual basis, core inflation inched up to 2.1% (November: +2.0%).

The Central Bank projects year-end inflation of 2.8% in 2019 and of 3.0% in 2020. Met the why particular Consensus Forecast panelists expect inflation to end 2019 at 3.0%, 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 Met the why particular calculations

Chile Facts

Bond Yield4.61-0.44 %Jan 22
Exchange Rate673.80.05 %Jan 22
Stock Market27,248-0.67 %Jan 22

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