Inflation Chile 2003
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in March at 4.5%. The lowest inflation was in November at 1.0%.
- Highest month
- March: 4.5%
- Lowest month
- November: 1.0%
- Difference
- 3.5 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 3.3%. The lowest price increase was in Food and non-alcoholic beverages with an average of 3.3%.
- Highest increase
- Food and non-alcoholic beverages: 3.3%
- Lowest increase
- Food and non-alcoholic beverages: 3.3%
Historical Context
Current inflation is around the 5-year average of 3.2%.
- 5-year average
- 3.2%
- 10-year average
- 5.4%
- All-time high (1985)
- 30.8%
- All-time low (2002)
- 2.5%
Trend
Inflation has remained relatively stable. Compared to 2002, the difference is minimal (+0.3 percentage point).
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- November: -2.0 percentage points
ECB Target
Inflation is 0.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 3.0% | +0.8 |
| February | 3.8% | +1.3 |
| March | 4.5% | +1.9 |
| April | 4.0% | +1.5 |
| May | 3.5% | +1.4 |
| June | 3.6% | +1.6 |
| July | 3.1% | +0.5 |
| August | 2.9% | +0.7 |
| September | 2.2% | -0.1 |
| October | 1.2% | -1.8 |
| November | 1.0% | -2.0 |
| December | 1.1% | -1.7 |
| Average | 2.8% |
Data source
Data from OECD. Last updated: 17/12/2025.