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.

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Chile Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.80 3.40 746.30 -3.40 1951 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-06 11:00 AM Feb 3.9% 3.5% 3.7%
2020-04-08 12:00 PM Mar 3.7% 3.9% 3.7%
2020-05-08 12:00 PM Apr 3.4% 3.7% 3.6%
2020-06-05 12:00 PM May 2.8% 3.4% 3%
2020-07-08 12:00 PM Jun 2.8% 2.8%
2020-08-07 12:00 PM Jul 3%
2020-09-08 11:00 AM Aug
2020-10-08 11:00 AM Sep 3.1%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Chile Inflation Rate Eases to 6-Month Low in May
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.
2020-06-05
Chile Inflation Rate at 4-Month Low of 3.4% in April
The annual inflation rate in Chile dropped to 3.4 percent in April of 2020 from 3.7 percent in the previous month. This was the lowest inflation rate since last December, as a result of the lockdown measures to curb the spread of the coronavirus. Prices slowed mostly for transport (4.2 percent vs 5.7 percent in March); housing & utilities (4.3 percent vs 4.5 percent) and recreation & culture (4.1 percent vs 4.7 percent). In addition, the cost was unchanged for miscellaneous goods & services (vs 1.5 percent). Conversely, food inflation picked up (6.6 percent vs 6.1 percent). On a monthly basis, consumer prices were flat, after increasing 0.3 percent in the previous month and compared with market expectations of a 0.1 percent drop.
2020-05-08
Chile Inflation Rate Eases to 3.7% in March
The annual inflation rate in Chile fell to 3.7 percent in March 2020 from 3.9 percent in the previous month. Prices eased for education (3.9 percent from 4.9 percent in February); recreation & culture (4.7 percent from 6.1 percent); restaurants & hotels (2.8 percent from 3.1 percent); and miscellaneous goods & services (1.5 percent from 1.8 percent). Meanwhile, cost rose further for transport (5.7 percent from 5.4 percent); health (2.1 percent from 2 percent); and furnishings (3.2 percent from 2.9 percent). Additionally, inflation was steady for food & non-alcoholic beverages (at 6.1 percent); and housing & utilities (at 4.5 percent). On a monthly basis, consumer prices went up 0.3 percent, slowing from a 0.4 percent gain and below market forecasts of a 0.45 percent rise.
2020-04-08
Chile February Inflation Rate at Over 3-1/2-Year High
The annual inflation rate in Chile rose to 3.9 percent in February 2020 from 3.5 percent in the previous month. It was the highest inflation rate since July 2016, as cost of food increased to an over four-year high (6.1 percent from 5.1 percent in January), boosted by meat and vegetables. Also, prices went up further for transport (5.4 percent from 3.8 percent); education (4.9 percent from 4.7 percent); furnishings (2.9 percent from 2.5 percent); and restaurants & hotels (3.1 percent from 2.5 percent). On the other hand, cost slowed for housing & utilities (4.5 percent from 4.8 percent); health (2 percent from 2.2 percent); recreation & culture (6.1 percent from 7 percent); and miscellaneous goods & services (1.8 percent from 1.9 percent). Also, cost of clothing & footwear fell at a faster pace (-0.5 percent from -0.4 percent). On a monthly basis, consumer prices advanced 0.4 percent, the same as in the prior month and above market expectations of a 0.2 percent gain.
2020-03-06

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.