Chile Inflation Rate

Last Release

Oct 31, 2024

Actual

4.7

Units In

4.1

Frequency

Monthly

Next Release

Dec 06, 2024

Time to Release

26 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
746.3 Apr 1974	-3.4 Nov 2009	38.66 %	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 accelerated to 4.7% in October 2024, up from a four-month low of 4.1% in the prior month. On a monthly basis, consumer prices surged by 1% in October, marking the strongest rise since March 2023, above market forecasts of a 0.6% rise. Main upward pressure came from prices of housing & utilities (+3.1%); food & non-alcoholic beverages (+2.2%) and alcoholic beverages & tobacco (+1.8%). On the other hand, decreases were seen for clothing & footwear (-3%); furnishings & household equipment (-1.5%); information & communication (-0.6%) and transportation (-0.3%). Core consumer prices went up by 0.2% in October, following a 0.5% increase in the prior month.