Inflation Chile 1997
Average inflation: 6.1%
Current Inflation
Inflation is very high at 6.1%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 7.2%. The lowest inflation was in June at 5.3%.
- Highest month
- February: 7.2%
- Lowest month
- June: 5.3%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 3.1% lower than the 5-year average of 9.2%. This approaches the lowest level since records began (6.1% in 1997).
- 5-year average
- 9.2%
- 10-year average
- 14.1%
- All-time high (1978)
- 41.1%
- All-time low (1997)
- 6.1%
Trend
Inflation shows a downward trend. Compared to 1996, inflation has fallen by +1.3 percentage point.
- Change vs. previous year
- -1.3 percentage points
- Largest monthly swing
- May: -3.2 percentage points
ECB Target
Inflation is 4.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.10 next year at this inflation rate.
Multi-year trend
Monthly figures 1997
Month overview
| Month | Inflation | Difference vs. 1996 |
|---|---|---|
| January | 6.9% | -0.9 |
| February | 7.2% | -0.6 |
| March | 6.8% | -1.1 |
| April | 6.1% | -2.3 |
| May | 5.4% | -3.2 |
| June | 5.3% | -3.0 |
| July | 5.6% | -2.1 |
| August | 5.6% | -0.8 |
| September | 6.0% | -0.3 |
| October | 6.6% | +0.4 |
| November | 6.3% | -0.3 |
| December | 6.0% | -0.6 |
| Average | 6.1% |
Data source
Data from OECD. Last updated: 24/11/2025.