Inflation Chile 2004
Average inflation: 1.1%
Current Inflation
Inflation is low at 1.1%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in November at 2.5%. The lowest inflation was in March at -0.7%.
- Highest month
- November: 2.5%
- Lowest month
- March: -0.7%
- Difference
- 3.2 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 -1.9%. The lowest price increase was in Food and non-alcoholic beverages with an average of -1.9%.
- Highest increase
- Food and non-alcoholic beverages: -1.9%
- Lowest increase
- Food and non-alcoholic beverages: -1.9%
Historical Context
Current inflation is 1.7% lower than the 5-year average of 2.8%. This approaches the lowest level since records began (1.1% in 2004).
- 5-year average
- 2.8%
- 10-year average
- 4.4%
- All-time high (1985)
- 30.8%
- All-time low (2004)
- 1.1%
Trend
Inflation shows a downward trend. Compared to 2003, inflation has fallen by +1.7 percentage point.
- Change vs. previous year
- -1.7 percentage points
- Largest monthly swing
- March: -5.2 percentage points
ECB Target
Inflation is 0.9% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 0.8% | -2.2 |
| February | 0.0% | -3.8 |
| March | -0.7% | -5.2 |
| April | -0.3% | -4.3 |
| May | 0.6% | -2.9 |
| June | 1.1% | -2.5 |
| July | 1.4% | -1.7 |
| August | 1.6% | -1.3 |
| September | 1.5% | -0.7 |
| October | 1.9% | +0.7 |
| November | 2.5% | +1.5 |
| December | 2.4% | +1.3 |
| Average | 1.1% |
Data source
Data from OECD. Last updated: 17/12/2025.