Inflation in Chile

Chile Inflation | Economic News & Forecasts

Chile - Inflation

Inflation slips below the Central Bank’s target in October

Consumer prices rose 0.4% from the previous month in October, up slightly from September’s 0.3% increase. According to the National Statistical Institute (INE), the increase was primarily driven by higher prices for transport services, alcoholic beverages and tobacco, and food.

Inflation moderated to 2.9% in October (September: 3.1%), falling just below the mid-point of the Central Bank’s 2.0%–4.0% tolerance range. The result was in line with the expectations of market analysts and came on the heels of the first policy rate hike in nearly three years in mid-October. Meanwhile, average inflation over the last 12 months ticked up to 2.3% in October (September: 2.2%).

After removing volatile categories such as fruit, vegetables and fuel, core consumer prices increased 0.1% month-on-month in October, unchanged from September’s reading. Meanwhile, core inflation decelerated to 1.9% in October (September: 2.3%).

The Central Bank predicts year-end inflation of 3.0% in both 2019 and 2020. Met the why particular Consensus Forecast panelists expect inflation to end 2019 at 3.1%, which is unchanged from last month’s forecast, before decelerating slightly to end 2020 at 2.9%.

Chile - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.8  4.4  4.4  3.8  2.2  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


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 Yield4.77-0.44 %Nov 15
Exchange Rate673.70.05 %Nov 15
Stock Market26,270-0.67 %Nov 15

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.


Start Your Free 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.

Sign Up

Economic News

Search form