The annual inflation rate in Chile declined to 2.8 percent in May 2020 from 3.4 percent in the previous month. It was the lowest inflation rate since November last year, amid the coronavirus pandemic. Prices slowed for transport (2.5 percent vs 4.2 percent in April); housing & utilities (2.4 percent vs 4.3 percent); and recreation & culture (1.9 percent vs 4.1 percent). On the other hand, inflation was steady for food & non-alcoholic beverages (at 6.6 percent) while rose further for health (2.9 percent vs 2.4 percent) and education (3.5 percent vs 3.4 percent). On a monthly basis, consumer prices went down 0.1 percent, after being unchanged in the prior period and below market expectations of a 0.1 percent gain.
Inflation Rate in Chile averaged 40.70 percent from 1951 until 2020, 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. This page provides - Chile Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: National Institute of Statistics, Chile
Inflation Rate in Chile is expected to be 3.20 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 3.20 in 12 months time. In the long-term, the Chile Inflation Rate is projected to trend around 3.00 percent in 2021, according to our econometric models.