The annual inflation rate in Chile eased to 12.8 percent in October of 2022 from 13.7 percent in the previous month. Inflation cooled for the second consecutive month as prices eased for housing & utilities (10.1 percent vs. 10.8 percent in September) and transport (20.5 percent vs. 24.2 percent). Meanwhile, food & non-alcoholic beverages prices advanced faster (22.0 percent vs. 21.9 percent). Monthly, consumer prices rose by 0.5 percent in October, slowing from a 0.9 percent increase in the previous month, compared with market expectations of 0.9 percent. source: National Institute of Statistics, Chile

Inflation Rate in Chile averaged 39.55 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 November of 2022.

Inflation Rate in Chile is expected to be 12.10 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
2022-10-07 11:00 AM Sep 13.7% 14.1% 13.7%
2022-11-08 11:00 AM Oct 12.8% 13.7% 12.8%
2022-12-07 11:00 AM Nov 12.8% 12.7%


Related Last Previous Unit Reference
Inflation Rate 12.80 13.70 percent Oct 2022
Consumer Price Index CPI 127.41 126.75 points Oct 2022
Core Inflation Rate 9.30 10.30 percent Oct 2022
Core Consumer Prices 121.23 120.70 points Oct 2022
Food Inflation 22.00 21.93 percent Oct 2022
Producer Prices Change 13.70 17.30 percent Oct 2022
Producer Prices 193.42 189.44 points Oct 2022
Inflation Rate MoM 0.50 0.90 percent Oct 2022
CPI Transportation 143.16 142.00 points Oct 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); Housing and Basic Services for 15 percent; Transportation for 13 percent; Health for 8 percent; Education for 7; Recreation and Culture for 7; Household Equipment and Maintenance for 7 percent and Restaurant and Hotels account for 6 percent. Others include: Communication (5 percent); Miscellaneous Goods and Services (5 percent); Alcoholic Beverages and Tobacco (5 percent) and Clothing and Footwear (4 percent). The national index has a base of 100 as of 2018.
Actual Previous Highest Lowest Dates Unit Frequency
12.80 13.70 746.30 -3.40 1951 - 2022 percent Monthly
2018=100

News Stream
Chile Inflation Eases for Second Straight Month
The annual inflation rate in Chile eased to 12.8 percent in October of 2022 from 13.7 percent in the previous month. Inflation cooled for the second consecutive month as prices eased for housing & utilities (10.1 percent vs. 10.8 percent in September) and transport (20.5 percent vs. 24.2 percent). Meanwhile, food & non-alcoholic beverages prices advanced faster (22.0 percent vs. 21.9 percent). Monthly, consumer prices rose by 0.5 percent in October, slowing from a 0.9 percent increase in the previous month, compared with market expectations of 0.9 percent.
2022-11-08
Chile Inflation Remains Near 30-Year High
The annual inflation rate in Chile eased to 13.7 percent in September of 2022, from 14.1 percent in the previous month, but still close to levels not seen in three decades. Prices slowed down mostly for transport (24.2 percent vs 27.8 percent in August); restaurants & hotels (18.1 percent vs 18.4 percent) and recreation & culture (15.8 percent vs 16.9 percent). Meanwhile, prices continued to climb for food & non-alcoholic beverages (21.9 percent vs 21.7 percent) and miscellaneous goods & services (11.6 percent vs 11.1 percent). On a monthly basis, consumer prices rose by 0.9 percent, almost in line with market forecasts, slowing from a 1.2 percent increase in the previous month.
2022-10-07
Chile Inflation at 30-Year High
The annual inflation rate in Chile surged to 14.1 percent in August of 2022, picking up from a 13.1 percent jump in July amid a weak peso and soaring energy costs, marking the sharpest increase in consumer prices since June of 1992. Prices rose faster for food and non-alcoholic beverages (21.7 percent vs 19.4 percent in July), transportation (27.8 percent vs 26.4 percent), housing and utilities (10.8 percent vs 10.7 percent) and recreation and culture (16.9 percent vs 16.4 percent). On a monthly basis, consumer prices rose by 1.2 percent, easing from the 1.4 percent gain in the previous month but surpassing expectations of a 1 percent rise.
2022-09-08