The annual inflation rate in Chile rose to 3.0 percent in December 2019 from 2.7 percent in the prior month. It was the highest inflation rate since September 2018, as prices advanced faster mostly for transport (2.5 percent vs 0.3 percent in November) and housing & utilities (4.3 percent vs 3.7 percent). Additional upward pressure came from education (4.6 percent vs 4.5 percent); miscellaneous goods & services (2.7 percent vs 2.5 percent); clothing & footwear (3.7 percent vs 2.0 percent) and restaurants & hotels (2.8 percent vs 2.3 percent). On the other hand, cost slowed for food & non-alcoholic beverages (3.7 percent vs 3.8 percent); furnishings (2.1 percent vs 2.4 percent) and recreation & culture (4.3 percent vs 5.7 percent). On a monthly basis, consumer prices edged up 0.1 percent, the same pace as in the previous month. Inflation Rate in Chile averaged 40.93 percent from 1951 until 2019, reaching an all time high of 746.30 percent in April of 1974 and a record low of -3.40 percent in November of 2009. source: National Institute of Statistics, Chile

Inflation Rate in Chile is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Chile to stand at 3.30 in 12 months time. In the long-term, the Chile Inflation Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

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Chile Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.00 2.70 746.30 -3.40 1951 - 2019 percent Monthly
2018=100



Calendar GMT Actual Previous Consensus TEForecast
2019-10-08 11:00 AM Sep 2.1% 2.3% 2.4%
2019-11-08 11:00 AM Oct 2.5% 2.1% 2.2%
2019-12-06 11:00 AM Nov 2.7% 2.5% 2.7%
2020-01-08 11:00 AM Dec 3.0% 2.7% 3.1%
2020-02-07 11:00 AM Jan 3.0% 3.3%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-12-06
Chile Inflation Rate at 1-Year High of 2.7%
The annual inflation rate in Chile rose to 2.7 percent in November 2019 from 2.5 percent in the previous month. It was the highest inflation rate since November last year, as prices went up faster mostly for food & non-alcoholic beverages (3.8 percent vs 2.7 percent in October); transport (0.3 percent vs 0.1 percent); recreation & culture (5.7 percent vs 5.6 percent); alcoholic beverages & tobacco (3.7 percent vs 2.7 percent) and furnishings (2.4 percent vs 1.6 percent). Meanwhile, cost slowed for housing & utilities (3.7 percent vs 4.3 percent); education (4.5 percent vs 4.6 percent); miscellaneous goods & services (2.5 percent vs 2.7 percent) and restaurants & hotels (2.3 percent vs 3.1 percent). On a monthly basis, consumer prices edged up 0.1 percent, after increasing 0.8 percent in the previous month and well below market estimates of a 0.6 percent gain.

2019-11-08
Chile October Inflation Rate Rises to 10-Month High
The annual inflation rate in Chile rose to 2.5 percent in October 2019 from 2.1 percent in the previous month. It was the highest inflation rate since December last year, as prices increased further for food & non-alcoholic beverages (2.7 percent from 2.4 percent in September); housing & utilities (4.3 percent from 2.9 percent); education (4.6 percent from 4.5 percent); recreation & culture (5.6 percent from 4.1 percent); restaurants & hotels (3.1 percent from 3 percent); miscellaneous goods & services (2.7 percent from 2.6 percent); and alcoholic beverages & tobacco (2.7 percent from 2.4 percent). Also, cost of transport went up 0.1 percent, after a flat reading in September. In contrast, prices slowed for health (2.6 percent from 2.9 percent); and furnishings & household equipment (1.6 percent from 1.7 percent). On a monthly basis, consumer prices advanced 0.8 percent, after a flat reading in the prior month and above market expectations of a 0.5 percent gain.

2019-10-08
Chile September Inflation Rate Eases to 5-Month Low
The annual inflation rate in Chile fell to 2.1 percent in September 2019 from 2.3 percent in the previous month. It was the lowest inflation rate in five months, as prices eased for food & non-alcoholic beverages (2.4 percent from 2.7 percent in August); transport (a flat reading from 1.1 percent); housing & utilities (2.9 percent from 3.6 percent); furnishings & household equipment (1.7 percent from 1.9 percent); and education (4.5 percent from 4.9 percent). Meanwhile, cost advanced further for miscellaneous goods & services (2.6 percent from 2.2 percent); recreation & culture (4.1 percent from 4 percent); restaurants & hotels (3 percent from 2.9 percent); health (2.9 percent from 2.8 percent); and alcoholic beverages & tobacco (2.4 percent from 2 percent). On a monthly basis, consumer prices were unchanged, after a 0.2 percent gain in the prior month and below market expectations of a 0.3 percent rise.

2019-09-06
Chile Inflation Rate Edges Up to 2.3% in August
The annual inflation rate in Chile rose slightly to 2.3 percent in August 2019 from 2.2 percent in the prior month. Main upward pressure came from food & non-alcoholic beverages (2.7 percent vs 2.3 percent in July); transport (1.1 percent vs 0.5 percent) and miscellaneous goods & services (2.2 percent vs 1.8 percent). Also, cost advanced faster for furnishings (1.9 percent vs 1.8 percent); recreation & culture (4 percent vs 3.2 percent) and restaurants & hotels (2.9 percent vs 2.8 percent); health (2.8 percent vs 2.7 percent) and alcoholic beverages & tobacco (2.0 percent vs 1.9 percent). On the other hand, prices slowed for housing & utilities (3.6 percent vs 4.2 percent). Meantime, inflation remained steady for education (at 4.9 percent). On a monthly basis, consumer prices went up 0.2 percent, the same pace as in the previous month and matching market expectations.

2019-08-08
Chile Annual Inflation Rate Eases to 2.2% in July
The annual inflation rate in Chile edged down to 2.2 percent in July 2019 from 2.3 percent in the previous month. Prices eased for food & non-alcoholic beverages (2.3 percent vs 2.4 percent in June); transport (0.5 percent vs 1.3 percent); miscellaneous goods & services (1.8 percent vs 2.8 percent); recreation & culture (3.2 percent vs 3.7 percent); restaurants & hotels (2.8 percent vs 3.0 percent) and alcoholic beverages & tobacco (1.9 percent vs 2.8 percent). On the other hand, prices advanced faster for housing & utilities (4.2 percent vs 4.1 percent); furniture & household equipment (1.8 percent vs 1.0 percent) and health (2.7 percent vs 1.7 percent) while inflation was steady for education (at 4.9 percent). On a monthly basis, consumer prices increased 0.2 percent, from a flat reading in the previous month and below market expectations of a 0.3 percent rise.

2019-07-08
Chile Annual Inflation Rate Steady at 2.3% in June
The annual inflation rate in Chile stood at 2.3 percent in June 2019, remaining at its highest since December last year. Inflation was steady for education (4.9 percent, the same as in May); and furnishings (1 percent) while cost rose further for food & non-alcoholic beverages (2.4 percent from 2.2 percent); recreation & culture (3.7 percent from 2.4 percent); miscellaneous goods & services (2.8 percent from 2.4 percent); and alcoholic beverages & tobacco (2.8 percent from 2.6 percent). On the other hand, prices slowed for transport (1.3 percent from 2.1 percent); housing & utilities (4.1 percent from 4.7 percent); health (1.7 percent from 1.9 percent); and restaurants & hotels (3 percent from 3.2 percent). On a monthly basis, consumer prices were flat, after a 0.6 percent gain in May and below market expectations of a 0.5 percent rise.


Chile Inflation Rate
In Chile, the main components of the consumer price index are: Food and Non-Alcoholic Beverages (19 percent of the total weight); Transportation (14.5 percent) and Housing, Water, Electricity and Other Fuels (13.8 percent). Education account for 8 percent; Miscellaneous Goods and Services for 7.2 percent and Furniture and Household Equipment and Conservation for 7 percent. Others include: Leisure and Culture (6.7 percent); Health (6.4 percent); Communications (5 percent); Clothing and Footwear (4.5 percent); Restaurants and Hotels (4.4 percent) and Alcoholic Beverages, Narcotics and Tobacco (3.3 percent). The national index has a base of 100 as of 2013. The CPI reflects the prices and spending patterns registered in the regional capitals and suburban areas of the fifteen regions of the country.

Chile Prices Last Previous Highest Lowest Unit
Inflation Rate 3.00 2.70 746.30 -3.40 percent [+]
Consumer Price Index CPI 103.66 103.55 103.66 0.00 points [+]
Core Consumer Prices 103.11 102.98 116.92 2.96 points [+]
Core Inflation Rate 2.50 2.50 37.70 -2.90 percent [+]
Export Prices 87.30 90.30 116.60 40.80 points [+]
Import Prices 83.41 85.54 109.78 66.62 points [+]
Food Inflation 3.70 3.80 10.20 -0.40 percent [+]
Producer Prices 120.04 114.33 145.92 85.21 points [+]
Producer Prices Change 5.00 -0.30 38.90 -13.21 percent [+]
Inflation Rate Mom 0.10 0.10 87.58 -6.54 percent [+]
CPI Transportation 103.59 101.83 108.47 97.70 points [+]
GDP Deflator 126.00 125.90 128.60 98.30 points [+]