Chile Inflation Rate

The inflation rate in Chile was recorded at 3.50 percent in March of 2014. Inflation Rate in Chile is reported by the National Institute of Statistics, Chile. Inflation Rate in Chile averaged 44.36 Percent from 1951 until 2014, 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. 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. This page provides - Chile Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.50 3.20 746.30 -3.40 3.16 | 2014/04 1951 - 2014 Percent Monthly


Chile Inflation Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-08 11:00 AM Chile
Inflation Rate YoY
Dec 2013 3.0% 2.40% 2.37%
2014-02-07 11:00 AM Chile
Inflation Rate YoY
Jan 2014 2.8% 3.0% 2.5%
2014-03-07 11:00 AM Chile
Inflation Rate YoY
Feb 2014 3.2% 2.8% 2.45%
2014-04-08 12:00 PM Chile
Inflation Rate YoY
Mar 2014 3.5% 3.2% 2.6%
2014-05-08 12:00 PM Chile
Inflation Rate YoY
Apr 2014 3.5% 3.16%
2014-06-06 12:00 PM Chile
Inflation Rate YoY
May 2014 3.33%

Prices Last Previous Highest Lowest Forecast Unit
Consumer Price Index (CPI) 103.04 2014-03-15 102.18 103.04 0.00 103.47 2014-04-30 Index Points [+]
Core Consumer Prices 102.57 2014-03-15 101.86 102.57 2.96 102.94 2014-04-30 Index Points [+]
Export Prices 110.90 2013-11-15 110.00 128.70 40.10 105.90 2014-03-31 Index Points [+]
Import Prices 94.20 2013-11-15 93.70 104.20 69.40 92.96 2014-03-31 Index Points [+]
Core Inflation Rate 2.90 2014-03-31 2.70 37.70 -2.90 3.22 2014-04-30 Percent [+]
Inflation Rate 3.50 2014-03-31 3.20 746.30 -3.40 3.16 2014-04-30 Percent [+]

Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


Chile GDP Growth Slows to 2.7% YoY in Q4  
Chile's economy advanced 2.7 percent in the fourth quarter of 2013 compared with a year earlier, the slowest expansion in three-and-a-half years, hurt by a sharp fall in investment. For full 2013, the GDP grew at a lower 4.1 percent, down from 5.6 percent in 2012.
Bank of Chile Lowers Interest Rate to 4%  
Bank of Chile cut its benchmark interest rate by 25 bps to 4 percent on March 13th. The key rate stands now at its lowest level in three years.
Bank of Chile Cuts Rate by 25 bps  
At its February 18th, 2014 meeting, the Central Bank of Chile decided to lower the benchmark interest rate to 4.25 percent from 4.5 percent, as the economy continues to lose strength.
Bank of Chile Leaves Rate Unchanged in January  
At its January 16th, 2014 meeting, the Board of the Central Bank of Chile decided to leave the benchmark interest rate unchanged at 4.5 percent. The Board also said that in the coming months it might be necessary to increase the monetary stimulus.
Chile Monetary Policy Unchanged in December  
In its December 12th meeting, Chile's central bank left the monetary policy interest rate on hold at 4.5 percent, following two consecutive cuts. Yet, policymakers pointed that the economy is losing strenght.
Bank of Chile Cuts Interest Rate to 4.5%  
The Board of the Central Bank of Chile decided on November 19th to lower the monetary policy interest rate by 25 basis points to 4.5 percent. The Board cited a slowdown in domestic demand and low inflation.
Chilean Economy Expands 4.7% YoY in Q3  
In the third quarter of 2013, Chile’s GDP expanded 4.7 percent over a year earlier, up from a revised 4 percent in the previous quarter. The expansion was mainly boosted by mining and agriculture.
Bank of Chile Cuts Benchmark Interest Rate to 4.75%  
The Board of the Central Bank of Chile decided on October 17th to lower the monetary policy interest rate by 25 basis points, to 4.75 percent to stimulate easing economic growth. Central Bank of Chile cited gloomier global economic outlook, and decelerating domestic demand.
Bank of Chile Leaves Benchmark Interest Rate on Hold at 5%  
The Board of the Central Bank of Chile decided on September 12th to leave the monetary policy interest rate unchanged at 5 percent, as the inflation rate remains within the tolerance range.
Chilean Monetary Policy Unchanged in August  
On August 13th, the Board of the Central Bank of Chile decided to maintain the monetary policy interest rate at 5 percent, citing dynamic consumption, but a rate cut could be on the horizon in the months ahead.


New Zealand Inflation Rate Slows in Q1  
The CPI increased 1.5 percent in the year to the March 2014 quarter, following a 1.6 percent increase in the year to the December 2013 quarter. About half of the annual increase came from housing and household utility prices, which increased 3.3 percent.
US Inflation Rate Up to 1.5% in March  
US annual consumer prices accelerated to 1.5 percent in March, boosted by higher shelter and food cost. On a monthly basis, the inflation rate edged up to 0.2 percent, following a 0.1 percent increase in February.
India Consumer Inflation Edges Up in March  
Indian annual consumer prices accelerated in March for the first time in four months to 8.31 percent, up from a revised 8.03 percent in February, driven by higher food prices.
Nigerian Inflation Rate Edges Up Slightly in March  
The annual consumer prices in Nigeria accelerated to 7.8 percent in March of 2014, from 7.7 percent recorded in February, as food cost edged up. Compared with the same period a year earlier, the inflation rate slowed down from 8.6 in March of 2013.
Turkey Unemployment Rate Edges Up Slightly in January  
Turkish jobless rate increased for the third consecutive month in January of 2014 to 10.1 percent, up from 10.0 percent in the previous month, but decreased compared with 10.6 percent recorded a year earlier.
Euro Area Trade Surplus Widens in February On Rising Exports  
The first estimate for the Euro Area trade in goods balance with the rest of the world in February of 2014 gave a € 13.6 billion surplus, compared with € +9.8 bn in February of 2013. The January 2014 balance was € +0.8 bn.
UK Inflation Rate Slows Further in March  
UK annual consumer prices fell to its lowest in over four year in March of 2014. The inflation rate decelerated for the sixth consecutive month to 1.6 percent, down from 1.7 percent in February, due to lower fuel, clothing and furniture prices.
India Wholesale Inflation Up to 3-Month High  
In March of 2014, India wholesale prices accelerated to an annual 5.7 percent on higher food, fuel and manufacturing cost, breaking a three-month easing trend.
Ghana’s Economy Advances 2.7% QoQ in Q4  
Ghana GDP growth accelerated to a quarter-on-quarter seasonally adjusted 2.7 percent in the last three months of 2013. Figures for the previous quarter were revised to show a 4.4 percent contraction, down from a 0.5 percent expansion initially reported.
US Retail Sales Beat Expectations in March  
Retail sales increased 1.1 percent over the previous month in March of 2014, up from a revised 0.7 percent rise in February. It is the biggest growth rate in 1-1/2 years.

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