Cost of food in Chile increased 2.20 percent in May of 2019 over the same month in the previous year. Food Inflation in Chile averaged 4.38 percent from 2014 until 2019, reaching an all time high of 10.20 percent in October of 2014 and a record low of -0.40 percent in September of 2017.
Food Inflation in Chile is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Chile to stand at 3.00 in 12 months time. In the long-term, the Chile Food Inflation is projected to trend around 3.10 percent in 2020, according to our econometric models.