The annual inflation rate in Chile stood at 2.3 percent in June 2019, remaining at its highest since December last year. Inflation was steady for education (4.9 percent, the same as in May); and furnishings (1 percent) while cost rose further for food & non-alcoholic beverages (2.4 percent from 2.2 percent); recreation & culture (3.7 percent from 2.4 percent); miscellaneous goods & services (2.8 percent from 2.4 percent); and alcoholic beverages & tobacco (2.8 percent from 2.6 percent). On the other hand, prices slowed for transport (1.3 percent from 2.1 percent); housing & utilities (4.1 percent from 4.7 percent); health (1.7 percent from 1.9 percent); and restaurants & hotels (3 percent from 3.2 percent). On a monthly basis, consumer prices were flat, after a 0.6 percent gain in May and below market expectations of a 0.5 percent rise. Inflation Rate in Chile averaged 41.26 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.