Inflation Chile 2008
Average inflation: 8.7%
Inflation in 2008
Inflation is very high at 8.7%, far above the ECB target.
Peak and Trough
The highest inflation was in October at 9.9%. The lowest inflation was in December at 7.1%.
- Highest month
- October: 9.9%
- Lowest month
- December: 7.1%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 4.6 percentage points higher than the 5-year average of 4.1%.
- 5-year average
- 4.1%
- 10-year average
- 3.7%
- All-time high (1990)
- 25.9%
- All-time low (2004)
- 1.1%
Trend
Over the period 2006-2008, inflation shows an upward trend. Compared to 2007, inflation has risen by 4.3 percentage points.
- Change vs. previous year
- +4.3 percentage points
- Largest monthly swing
- June: +6.3 percentage points
ECB Target
Inflation is 6.7 percentage points 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 CLP 100 this year will cost approximately CLP 109 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 7.5% | +4.7 |
| February | 8.1% | +5.4 |
| March | 8.5% | +5.9 |
| April | 8.3% | +5.8 |
| May | 8.9% | +6.0 |
| June | 9.5% | +6.3 |
| July | 9.5% | +5.7 |
| August | 9.3% | +4.6 |
| September | 9.2% | +3.4 |
| October | 9.9% | +3.4 |
| November | 8.9% | +1.5 |
| December | 7.1% | -0.7 |
| Average | 8.7% |
Data source
Data from OECD. Last updated: 17/12/2025.