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.
Inflation Rate in Chile averaged 40.61 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 August of 2020. source: National Institute of Statistics, Chile
Inflation Rate in Chile is expected to be 3.10 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 3.10 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.