What is the inflation rate in Chile?

The national index has a base of 100 as of 2018. Annual inflation rate in Chile dropped to 6.5% in July of 2023, the lowest since October of 2021, from 7.6% in June, as a result of a broad-based deceleration in prices.

What will Chile's inflation look like in 2022?

SANTIAGO, July 12 (Reuters) - Chile's government on Tuesday sharply increased its estimates for the country's inflation in 2022, saying it now expects an 11.1% rise, against an 8.9% rise seen in the previous projection.

Why did Chile's CPI drop 4% in the last month?

Compared to the previous month, the CPI edged up to 0.4% from a 0.2% decline in the last month, mainly due to higher prices of food & non-alcoholic beverages (1.2% vs 0.3%). source: National Institute of Statistics, Chile

What is inflation in economics?

What is inflation? Inflation refers to a broad rise in the prices of goods and services across the economy over time, eroding purchasing power for both consumers and businesses. In other words, your dollar (or whatever currency you use for purchases) will not go as far today as it did yesterday.