Inflation in Chile
Chile - Inflation
Inflation stable in April
According to the National Statistical Institute (INE), consumer prices rose 0.3% month-on-month in April, after March’s 0.5% result. April’s print largely reflected higher prices for food and non-alcoholic beverages, as well as for transport owing to higher fuel prices. Meanwhile, core consumer prices edged up 0.1% in March (February: 0.4% month-on-month).
Inflation came in at 2.0% in April, unchanged from March’s turnout, thus remaining at the lower bound of the Central Bank’s 2.0%-4.0% target range. Similarly, core inflation remained stable at the previous month’s 1.9% in April.
Annual average inflation clocked 2.4%, below March’s 2.6% result.
The Central Bank projects year-end inflation of 2.6% in 2019 and of 3.0% in 2020.
Chile Inflation Forecast
Met the why particular Consensus Forecast panelists expect inflation to end 2019 at 2.7%, which is unchanged from last month’s forecast. The panel sees inflation ending 2020 at 2.9%.
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||4.11||-0.44 %||May 13|
|Exchange Rate||693.4||0.05 %||May 13|
|Stock Market||25,375||-0.67 %||May 13|
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May 9, 2019
At its 9 May monetary policy meeting, the Board of the Central Bank of Chile (BCCh) voted unanimously to leave the key policy rate unchanged at 3.00%, amid weaker-than-expected inflation.
May 8, 2019
According to the National Statistical Institute (INE), consumer prices rose 0.3% month-on-month in April, after March’s 0.5% result.
May 6, 2019
In March, the IMACEC index picked up on the heels of February’s slowdown, which saw the lowest reading since June 2017.
May 6, 2019
The Adimark GfK consumer confidence index rose to 43.2 points in April, from 42.3 points in March.
May 2, 2019
Copper prices remained fairly stable throughout April.