Inflation Chile 1998
Average inflation: 5.1%
Current Inflation
Inflation is very high at 5.1%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 6.2%. The lowest inflation was in October at 4.3%.
- Highest month
- January: 6.2%
- Lowest month
- October: 4.3%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 0.6%. The lowest price increase was in Food and non-alcoholic beverages with an average of 0.6%.
- Highest increase
- Food and non-alcoholic beverages: 0.6%
- Lowest increase
- Food and non-alcoholic beverages: 0.6%
Historical Context
Current inflation is 2.6% lower than the 5-year average of 7.7%. This approaches the lowest level since records began (5.1% in 1998).
- 5-year average
- 7.7%
- 10-year average
- 13.1%
- All-time high (1980)
- 35.5%
- All-time low (1998)
- 5.1%
Trend
Inflation shows a downward trend. Compared to 1997, inflation has fallen by +1.0 percentage point.
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- October: -2.3 percentage points
ECB Target
Inflation is 3.1% 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 €105.10 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| January | 6.2% | -0.7 |
| February | 5.2% | -2.0 |
| March | 5.3% | -1.5 |
| April | 5.4% | -0.7 |
| May | 5.3% | -0.1 |
| June | 5.4% | +0.1 |
| July | 5.3% | -0.3 |
| August | 5.2% | -0.4 |
| September | 4.8% | -1.2 |
| October | 4.3% | -2.3 |
| November | 4.3% | -2.0 |
| December | 4.7% | -1.3 |
| Average | 5.1% |
Data source
Data from OECD. Last updated: 17/12/2025.