The data displays the average inflation rate in Chile from 2012 to 2017, with projections up until 2022. In 2017, the average inflation rate in Chile had amounted to about 2.18% compared to the previous year.
Chile's slowing economy
The inflation rate in Chile has fluctuated from a low of 1.41% in 2010 to a high of 4.39% as of 2014. Despite the central bank having issued a target inflation rate of 3 percent, it was not reached in 2014, 2015 or 2016, defying expectations. Rising inflation is said to be affected by a weakening peso, combined with a relatively weak economy.
