Chile Inflation Rate

Last Release

Nov 30, 2024

Actual

4.2

Units In

4.7

Frequency

Monthly

Next Release

Jan 08, 2025

Time to Release

1 Months 0 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
746.3 Apr 1974	-3.4 Nov 2009	38.62 %	1951-2024	N/A

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.

Latest Updates

The annual inflation rate in Chile eased to 4.2% in November 2024, down from 4.7% in the prior month. On a monthly basis, consumer prices increased by 0.2% in November, a significant slowdown from the 1% rise in October and slightly below market expectations of a 0.3% uptick. Notably, prices decreased for food & non-alcoholic beverages (-0.3% vs 2.2% in October) and alcoholic beverages & tobacco (-1% vs 1.8%). Moreover, price growth slowed for other CPI items, including housing & utilities (0.2% vs 3.1%); miscellaneous goods & services (0.1% vs 0.4%); and recreation & culture (0.2% vs 0.4%). Core consumer prices inched up 0.5% in November, after a 0.2% increase in the prior month.