The annual inflation rate in Chile rose to 3.0 percent in December 2019 from 2.7 percent in the prior month. It was the highest inflation rate since September 2018, as prices advanced faster mostly for transport (2.5 percent vs 0.3 percent in November) and housing & utilities (4.3 percent vs 3.7 percent). Additional upward pressure came from education (4.6 percent vs 4.5 percent); miscellaneous goods & services (2.7 percent vs 2.5 percent); clothing & footwear (3.7 percent vs 2.0 percent) and restaurants & hotels (2.8 percent vs 2.3 percent). On the other hand, cost slowed for food & non-alcoholic beverages (3.7 percent vs 3.8 percent); furnishings (2.1 percent vs 2.4 percent) and recreation & culture (4.3 percent vs 5.7 percent). On a monthly basis, consumer prices edged up 0.1 percent, the same pace as in the previous month.
Inflation Rate in Chile averaged 40.93 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. This page provides - Chile Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Institute of Statistics, Chile
Inflation Rate in Chile is expected to be 3.30 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 3.30 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.