The annual inflation rate in Chile dropped to 2.8 percent in November 2018 from 2.9 percent in the prior month. It is the lowest inflation rate since August, as prices advanced less mainly for food & non-alcoholic beverages (3.1 percent vs 3.5 percent) and housing & utilities (3.9 percent vs 4.4 percent). Meantime, inflation was steady for transport (4.0 percent) and education (4.0 percent). In contrast, prices rose faster for miscellaneous goods & services (3.8 percent vs 2.9 percent) and restaurants & hotels (3.5 percent vs 3.2 percent). The annual core inflation, which excludes volatile items, rose to 2.0 percent in November 2018 from 1.9 percent in November. On a monthly basis, consumer prices were flat, after increasing 0.4 percent in the previous month. Inflation Rate in Chile averaged 41.55 percent from 1951 until 2018, 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 2.90 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 2.70 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.