Inflation in Chile

Chile Inflation | Economic News & Forecasts

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

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 Yield4.84-0.44 %Sep 20
Exchange Rate667.00.05 %Sep 20
Stock Market27,535-0.67 %Sep 20

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