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.

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Chile Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.60 746.30 -3.40 1951 - 2020 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-05-08 12:00 PM Apr 3.4% 3.7% 3.6%
2020-06-05 12:00 PM May 2.8% 3.4% 3%
2020-07-08 12:00 PM Jun 2.6% 2.8% 2.8%
2020-08-07 12:00 PM Jul 2.5% 2.6% 3%
2020-09-08 11:00 AM Aug
2020-10-08 11:00 AM Sep 3.1%
2020-11-06 11:00 AM Oct
2020-12-07 11:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Chile July Inflation Rate at 9-Month Low of 2.5%
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.
2020-08-07
Chile June Inflation Rate Hits 8-Month Low of 2.6%
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.
2020-07-08
Chile Inflation Rate Eases to 6-Month Low in May
The annual inflation rate in Chile declined to 2.8 percent in May 2020 from 3.4 percent in the previous month. It was the lowest inflation rate since November last year, amid the coronavirus pandemic. Prices slowed for transport (2.5 percent vs 4.2 percent in April); housing & utilities (2.4 percent vs 4.3 percent); and recreation & culture (1.9 percent vs 4.1 percent). On the other hand, inflation was steady for food & non-alcoholic beverages (at 6.6 percent) while rose further for health (2.9 percent vs 2.4 percent) and education (3.5 percent vs 3.4 percent). On a monthly basis, consumer prices went down 0.1 percent, after being unchanged in the prior period and below market expectations of a 0.1 percent gain.
2020-06-05
Chile Inflation Rate at 4-Month Low of 3.4% in April
The annual inflation rate in Chile dropped to 3.4 percent in April of 2020 from 3.7 percent in the previous month. This was the lowest inflation rate since last December, as a result of the lockdown measures to curb the spread of the coronavirus. Prices slowed mostly for transport (4.2 percent vs 5.7 percent in March); housing & utilities (4.3 percent vs 4.5 percent) and recreation & culture (4.1 percent vs 4.7 percent). In addition, the cost was unchanged for miscellaneous goods & services (vs 1.5 percent). Conversely, food inflation picked up (6.6 percent vs 6.1 percent). On a monthly basis, consumer prices were flat, after increasing 0.3 percent in the previous month and compared with market expectations of a 0.1 percent drop.
2020-05-08

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.