Chile Inflation Rate

Last Release

May 31, 2024

Actual

4.1

Units In

Frequency

Monthly

Next Release

Jul 08, 2024

Time to Release

28 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
746.3 Apr 1974	-3.4 Nov 2009	38.86 %	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 ticked up for the second month to 4.1% in May 2024, the highest in three months, compared to April's reading of 4%. On a monthly basis, consumer prices increased by 0.3% in May, slowing from a 0.5% advance in the prior month but slightly above market forecasts of a 0.2% rise. Prices softened primarily for food & non-alcoholic beverages (0.1% vs 0.7% in April) and transportation (0.6% vs 1.1%). Additionally, prices fell for housing & utilities (-0.3% vs 0.7%). On the other hand, clothing & footwear saw a rebound (1.9% vs -1.9%). Core consumer prices rose by 0.3% in May, the same pace as in the prior month.