Inflation in Chile
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
|Inflation Rate (CPI, annual variation in %)||4.4||3.8||2.2||2.4||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Chile Inflation Chart
Source: National Statistical Insitute (INE) and FocusEconomics calculations
|Bond Yield||3.14||-0.44 %||Dec 30|
|Exchange Rate||752.0||0.05 %||Jan 01|
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August 1, 2022
Economic activity increased 3.7% in year-on-year terms in June, which was a deterioration from May's 6.4% increase.
July 31, 2022
Business confidence came in at 39.0 in July, down from June's 42.7.
July 18, 2022
Consumer confidence fell to 96.9 in June from May's 103.8.
July 14, 2022
At its 13 July meeting, the board of the Central Bank of Chile (CBC) decided to increase the monetary policy rate from 9.00% to 9.75% taking total tightening this year to 575 basis points.
July 8, 2022
Consumer prices increased 0.93% in June over the previous month, slowing down from the 1.20% rise logged in May.