The annual inflation rate in Chile fell to 2.7 percent in November of 2020 from 3 percent in the prior month, amid a slowdown in prices of food & non-alcoholic beverages (6.8 percent vs 8 percent in October), furnishings (4.7 percent vs 5.2 percent) and recreation & culture (0.7 percent vs 1 percent). In addition, cost declined for clothing & footwear (-3.3 percent vs 1.6 percent) and communication (-1.8 percent vs -1.7 percent). On the other hand, prices rebounded for transport (0.3 percent vs -0.6 percent) while inflation edged higher for housing & utilities (2.2 percent vs 1.5 percent); health (2.2 percent vs 2.1 percent) and restaurants & hotels (2.3 percent vs 1.9 percent). On a monthly basis, consumer prices went down 0.1 percent, for the first time since June, following a 0.7 percent rise in October and against market expectations of a 0.2 percent increase. source: National Institute of Statistics, Chile
Inflation Rate in Chile averaged 40.43 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 December of 2020.
Inflation Rate in Chile is expected to be 2.50 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 2.00 in 12 months time. In the long-term, the Chile Inflation Rate is projected to trend around 2.20 percent in 2021 and 3.00 percent in 2022, according to our econometric models.