The annual inflation rate in Chile was at 2.0 percent in April 2019, unchanged from the previous month. Prices rose further for food & non-alcoholic beverages (2% vs 1.9% in March); transport (1.9% vs 1.8%); recreation & culture (0.8% vs 0.1%) and furnishings (1.4% vs 1.3%). Additionally, cost of communications fell less (-3.5% vs -4.3%). Meanwhile, prices eased for housing & utilities (3.2% vs 3.7%); health (2.2% vs 2.3%); restaurants & hotels (3% vs 3.3%) and alcoholic beverages & tobacco (2.4% vs 3.2%). Also, inflation was steady for education (at 5.1%, the same as in March) and miscellaneous goods & services (at 2.8%) and cost of clothing & footwear dropped at a faster pace (-1.1% vs -0.4%). Core consumer prices increased 0.3 percent over the prior month, slowing from a 0.4 percent gain in March. On a monthly basis, consumer prices went up 0.3 percent, after rising 0.5 percent in the prior month and in line with market consensus. Inflation Rate in Chile averaged 41.30 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.
Inflation Rate in Chile is expected to be 2.10 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 2.80 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.