Chile Inflation Rate

Last Release

Sep 30, 2024

Actual

4.1

Units In

4.7

Frequency

Monthly

Next Release

Nov 08, 2024

Time to Release

29 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
746.3 Apr 1974	-3.4 Nov 2009	38.7 %	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 4.1% in September 2024, down from a nine-month high of 4.7% in the prior month. On a monthly basis, consumer prices rose by 0.1% in September, after a 0.3% increase in August and below market forecasts of a 0.3% rise. This moderate rise was largely influenced by price declines in key categories, including food & non-alcoholic beverages (-0.5% vs 0.5% in August); alcoholic beverages & tobacco (-0.4% vs 0.3%) and transportation (-0.3% vs -0.1%). Additionally, prices were flat for housing & utilities, after a 0.3% increase in the previous month. Core consumer prices went up by 0.5%, following a 0.2% increase in the prior month.