Inflation Chile 2021
Average inflation: 4.5%
Current Inflation
Inflation is high at 4.5%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 7.2%. The lowest inflation was in February at 2.8%.
- Highest month
- December: 7.2%
- Lowest month
- February: 2.8%
- Difference
- 4.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 7.8%. The lowest price increase was in Communication with an average of -0.5%.
- Highest increase
- Transport: 7.8%
- Lowest increase
- Communication: -0.5%
Historical Context
Current inflation is 1.6% higher than the 5-year average of 2.9%.
- 5-year average
- 2.9%
- 10-year average
- 3.2%
- All-time high (2008)
- 8.7%
- All-time low (2009)
- 0.4%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +1.5 percentage point.
- Change vs. previous year
- +1.5 percentage points
- Largest monthly swing
- December: +4.2 percentage points
ECB Target
Inflation is 2.5% 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 €104.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 3.1% | -0.4 |
| February | 2.8% | -1.1 |
| March | 2.9% | -0.8 |
| April | 3.3% | -0.1 |
| May | 3.6% | +0.8 |
| June | 3.8% | +1.2 |
| July | 4.5% | +2.0 |
| August | 4.8% | +2.4 |
| September | 5.3% | +2.2 |
| October | 6.0% | +3.1 |
| November | 6.7% | +4.0 |
| December | 7.2% | +4.2 |
| Average | 4.5% |
Data source
Data from OECD. Last updated: 11/01/2026.