Inflation in Chile

Chile Inflation | Economic News & Forecasts

Chile - Inflation

Inflation comes in at highest level since June 1994 in June

Consumer prices increased 0.93% in June over the previous month, slowing down from the 1.20% rise logged in May. The reading was primarily due to slower growth in prices for food and non-alcoholic beverages. In addition, price pressures for housing, utilities and fuel moderated. However, transport prices rose at a faster pace.

Inflation rose to 12.5% in June, above May’s 11.5%. June's figure marked the highest inflation rate since June 1994. Meanwhile, the trend pointed up, with annual average inflation coming in at 7.9% in June (May: 7.1%). A combination of the wilting peso and elevated international commodity prices contributed to price pressures in June.

FocusEconomics Consensus Forecast panelists see inflation ending 2022 at 8.7%, which is up 0.8 percentage points from last month’s forecast, and closing 2023 at 3.9%.

Chile - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)4.4  3.8  2.2  2.4  2.3  

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Chile Inflation Chart

Chile Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Statistical Insitute (INE) and FocusEconomics calculations

Chile Facts

Value Change Date
Bond Yield3.14-0.44 %Dec 30
Exchange Rate752.00.05 %Jan 01

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