The annual inflation rate in Chile surged to 11.5 percent in May of 2022, accelerating from 10.5 percent in the prior month. It was the highest reading since July of 1994, as prices advanced faster for food and non-alcoholic beverages (17.1 percent vs 14.8 percent in April), transportation (22.3 percent vs 21.4 percent), and housing and utilities (9.6 percent vs 8.3 percent). The core inflation rate rose 9 percent, picking up from an 8.3 percent seen in the previous month. On a monthly basis, consumer prices rose by 1.2 percent, above market expectations of a 1.05 percent increase but easing from the 1.4 percent rise in March. source: National Institute of Statistics, Chile

Inflation Rate in Chile averaged 39.70 percent from 1951 until 2022, 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 June of 2022.

Inflation Rate in Chile is expected to be 12.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Inflation Rate is projected to trend around 4.00 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Chile Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-06 12:00 PM Apr 10.5% 9.4% 10%
2022-06-08 12:00 PM May 11.5% 10.5% 10.7%
2022-07-08 12:00 PM Jun 11.5% 12.2%


Related Last Previous Unit Reference
Inflation Rate 11.50 10.50 percent May 2022
Consumer Price Index CPI 121.35 119.91 points May 2022
Core Inflation Rate 9.00 8.30 percent May 2022
Core Consumer Prices 117.15 116.03 points May 2022
Food Inflation 17.10 14.80 percent May 2022
Producer Prices Change 19.60 26.20 percent May 2022
Producer Prices 186.52 185.34 points May 2022
Inflation Rate Mom 1.20 1.40 percent May 2022
CPI Transportation 131.96 129.10 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
11.50 10.50 746.30 -3.40 1951 - 2022 percent Monthly
2018=100

News Stream
Chile Inflation Rate at Near 28-Year High
The annual inflation rate in Chile surged to 11.5 percent in May of 2022, accelerating from 10.5 percent in the prior month. It was the highest reading since July of 1994, as prices advanced faster for food and non-alcoholic beverages (17.1 percent vs 14.8 percent in April), transportation (22.3 percent vs 21.4 percent), and housing and utilities (9.6 percent vs 8.3 percent). The core inflation rate rose 9 percent, picking up from an 8.3 percent seen in the previous month. On a monthly basis, consumer prices rose by 1.2 percent, above market expectations of a 1.05 percent increase but easing from the 1.4 percent rise in March.
2022-06-08
Chile Inflation Rate Hits Highest Since 1994
The annual inflation rate in Chile surged to 10.5 percent in March of 2022, accelerating from 9.4 percent in the prior month. It was the highest since September 1994, as prices advanced faster for food & non-alcoholic beverages (14.8 percent vs 13.1 percent in March), transport (21.4 percent vs 20.5 percent) and housing & utilities (8.3 percent vs 7.6 percent). The core inflation rate rose to 8.3 percent from 7.4 percent in March. On a monthly basis, consumer prices jumped 1.4 percent, above market expectations of a 1.0 percent increase, and following a 1.9 percent gain in the prior month.
2022-05-06
Chile Inflation Rate Highest Since 2008
The annual inflation rate in Chile surged to 9.4 percent in March of 2022, accelerating from 7.7 percent in the prior month. It was the highest since November 2008, as prices advanced faster for food & non-alcoholic beverages (13.1 percent vs 8.4 percent in February), transport (20.5 percent vs 19.5 percent) and housing & utilities (7.6 percent vs 7.0 percent). The core inflation rate rose to 7.4 percent from 6.6 percent in February. On a monthly basis, consumer prices jumped 1.9 percent, above market expectations of a 1.1 percent increase, and quickening from a 0.32 percent gain in the prior month.
2022-04-08