Inflation in Chile
Chile - Inflation (end of period)
Inflation slips below the Central Bank’s tolerance range
According to the National Statistical Institute (INE), consumer prices ticked up 0.1% month-on-month in January, after edging down 0.1% in December. The monthly increase reflected higher prices for alcoholic beverages and tobacco, as well as for housing and basic services.
Inflation came in at 1.8% in January, below the Central Bank’s 2.0%–4.0% tolerance range (December: +2.6%). Meanwhile, average inflation over the last 12 months was unchanged at 2.4% in January.
After removing volatile categories such as fruit, vegetables and fuel, core consumer prices rose 0.4% month-on-month in January, after increasing 0.2% in the month prior.
The Central Bank projects year-end inflation of 2.8% in 2019 and of 3.0% in 2020.
Chile Inflation Forecast
Met the why particular Consensus Forecast panelists expect inflation to end 2019 at 2.9%, 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 (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||3.0||4.6||4.4||2.7||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Chile Inflation (eop) Chart
Source: National Statistical Insitute (INE) and Met the why particular calculations
|Bond Yield||4.55||-0.44 %||Jan 30|
|Exchange Rate||663.9||0.05 %||Jan 30|
|Stock Market||27,203||-0.67 %||Jan 30|
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April 1, 2019
On the heels of February’s bull-run, copper prices held onto the previous month’s gains through March.
March 30, 2019
At its 30 March 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.
March 29, 2019
The Adimark GfK consumer confidence index slid to 42.3 points in March, from 46.3 points in February.
March 29, 2019
The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Adolfo Ibáñez University edged down to 54.0 points in March, from the 54.2 points recorded in February.
March 18, 2019
According to comprehensive data released by the Central Bank, the economy grew 3.6% year-on-year in the fourth quarter, accelerating from a revised 2.6% increase in the third quarter (previously reported: +2.8% yoy).