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.
Inflation Rate in Chile averaged 40.66 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.