The annual inflation rate in Chile eased to 2.9 percent in October 2018 from 3.1 percent in the previous month. Prices rose less for food & non-alcoholic beverages (3.5% vs 3.7% in September), including bread (4.3% vs 5.3%) and beef (-2.5% vs 0.2%); and housing & utilities (4.4% vs 5.8%), on lower cost of electricity (-2.7% vs 6.1%). Meanwhile, cost rose further for transport (4.0% vs 3.4%), mainly due to gasoline (15.2% vs 13.8%). In addition, inflation slowed for education (4.0% vs 4.1%); miscellaneous goods & services (2.9% vs 3.2%); recreation & culture (2.0% vs 2.5%) and restaurants & hotels (3.2% vs 3.5%). The annual core inflation, which excludes volatile items, dropped to 1.9 percent in October from 2.3 percent in September, hitting the highest level since July. On a monthly basis, consumer prices went up 0.4 percent, following a 0.3 percent increase in August and slightly above market expectations of 0.3 percent. Inflation Rate in Chile averaged 41.59 percent from 1951 until 2018, 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.

Inflation Rate in Chile is expected to be 2.90 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 2.70 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.

Chile Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 11:00 AM Inflation Rate YoY 2.6% 2.7% 2.8%
2018-10-08 11:00 AM Inflation Rate YoY 3.1% 2.6% 2.6%
2018-11-08 11:00 AM Inflation Rate YoY 2.9% 3.1% 3.3%
2018-12-07 11:00 AM Inflation Rate YoY 2.9% 2.9%


Chile Prices Last Previous Highest Lowest Unit
Inflation Rate 2.90 3.10 746.30 -3.40 percent [+]
Consumer Price Index CPI 119.57 119.14 119.57 0.00 Index Points [+]
Core Consumer Prices 119.12 118.98 119.12 2.96 Index Points [+]
Core Inflation Rate 1.90 2.30 37.70 -2.90 percent [+]
Export Prices 93.00 95.30 116.60 40.80 Index Points [+]
Import Prices 87.12 88.64 109.78 66.62 Index Points [+]
Food Inflation 3.50 3.70 10.20 -0.40 percent [+]
Producer Prices 113.65 110.94 145.92 85.21 Index Points [+]
Producer Prices Change 4.70 1.60 38.90 -13.21 percent [+]
Inflation Rate Mom 0.40 0.30 87.58 -6.54 percent [+]
CPI Transportation 110.61 109.57 110.61 98.60 Index Points [+]
GDP Deflator 123.20 122.40 124.70 98.30 Index Points [+]


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. This page provides - Chile Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Chile Inflation Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.10 746.30 -3.40 1951 - 2018 percent Monthly
2013=100




Country Last
Argentina 45.50 Oct/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 5.10 Oct/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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