The annual inflation rate in Chile increased to 3.1 percent in September of 2020 from 2.4 percent in the previous month. It was the highest inflation rate since April, as prices increased faster for food & non-alcoholic beverages (8.3 percent vs 6.3 percent in August); hotels & restaurants (1.1 percent vs 1.6 percent); health (2.3 percent vs 2.1 percent); and miscellaneous goods & services (1.2 percent vs 0.8 percent). Meanwhile, prices of transport rebounded (0.4 percent vs -0.4 percent) while cost of housing & utilities rose less (2.3 percent vs 2.4 percent). On a monthly basis, consumer prices went up 0.6 percent.

Inflation Rate in Chile averaged 40.52 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 October of 2020. source: National Institute of Statistics, Chile

Inflation Rate in Chile is expected to be 2.70 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 3.00 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
3.10 2.40 746.30 -3.40 1951 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-07-08 12:00 PM Jun 2.6% 2.8% 2.8%
2020-08-07 12:00 PM Jul 2.5% 2.6% 3%
2020-09-08 11:00 AM Aug 2.4% 2.5% 2.4%
2020-10-08 11:00 AM Sep 3.1% 2.4% 2.5%
2020-11-06 11:00 AM Oct 3.1%
2020-12-07 11:00 AM Nov


News Stream
Chile Inflation Rate Highest since April
The annual inflation rate in Chile increased to 3.1 percent in September of 2020 from 2.4 percent in the previous month. It was the highest inflation rate since April, as prices increased faster for food & non-alcoholic beverages (8.3 percent vs 6.3 percent in August); hotels & restaurants (1.1 percent vs 1.6 percent); health (2.3 percent vs 2.1 percent); and miscellaneous goods & services (1.2 percent vs 0.8 percent). Meanwhile, prices of transport rebounded (0.4 percent vs -0.4 percent) while cost of housing & utilities rose less (2.3 percent vs 2.4 percent). On a monthly basis, consumer prices went up 0.6 percent.
2020-10-08
Chile Inflation Rate Falls to Near 1-Year Low in August
The annual inflation rate in Chile fell to 2.4 percent in August 2020 from 2.5 percent in the previous month. It was the lowest inflation rate since September last year, as prices eased for food & non-alcoholic beverages (6.3 percent vs 6.8 percent in July); health (2.1 percent vs 2.4 percent); hotels & restaurants (1.1 percent vs 1.6 percent) and miscellaneous goods & services (0.8 percent vs 1.6 percent). Also, cost of transport dropped (-0.4 percent vs 0.6 percent). Meanwhile, prices of housing & utilities rose further (2.4 percent vs 1.9 percent). In addition, cost declined at a softer pace for clothing & footwear (-2.5 percent vs -4.1 percent) and communication (-1.9 percent vs -3.5 percent). On a monthly basis, consumer prices went up 0.1 percent, the same as in the prior month.
2020-09-08
Chile July Inflation Rate at 9-Month Low of 2.5%
The annual inflation rate in Chile dropped to 2.5 percent in July of 2020 from 2.6 percent in the previous month. It was the lowest inflation rate since last October, as prices slowed sharply for transport (0.6 percent vs 2 percent in June) and housing & utilities (1.9 percent vs 2.5 percent). In addition, costs continued to decrease for clothing & footwear (-4.1 percent vs -2.9 percent) and communication (-3.5 percent vs -3.6 percent). In contrast, inflation quickened mostly for food & non-alcoholic beverages (6.8 percent vs 6.4 percent). On a monthly basis, consumer prices edged up 0.1 percent, after decreasing 0.1 percent in the previous month and compared market consensus of a flat reading.
2020-08-07
Chile June Inflation Rate Hits 8-Month Low of 2.6%
The annual inflation rate in Chile eased to 2.6 percent in June of 2020 from 2.8 percent in the previous month. It was the lowest inflation rate since last October, as consumers remained reluctant about spending amid economic uncertainty poised by the global pandemic. Prices slowed mostly for food & non-alcoholic beverages (6.4 percent vs 6.6 percent in May); transport (2 percent vs 2.5 percent) and health (2.5 percent vs 2.9 percent). Concomitantly, prices fell further for clothing & footwear (-2.9 percent vs -2.7 percent) and communication (-3.6 percent vs -3.5 percent). On the other hand, inflation continued to advance for housing & utilities (2.5 percent vs 2.4 percent) and recreation & culture (2.1 percent vs 1.9 percent). On a monthly basis, consumer prices edged down 0.1 percent, the same pace as in the previous month and in line with market expectations.
2020-07-08

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.