Inflation Chile 2022
Average inflation: 11.6%
Current Inflation
Inflation is very high at 11.6%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 14.1%. The lowest inflation was in January at 7.7%.
- Highest month
- August: 14.1%
- Lowest month
- January: 7.7%
- Difference
- 6.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 22.3%. The lowest price increase was in Communication with an average of -4.0%.
- Highest increase
- Transport: 22.3%
- Lowest increase
- Communication: -4.0%
Historical Context
Current inflation is 6.8% higher than the 5-year average of 4.8%. This approaches the highest level since records began (11.6% in 2022).
- 5-year average
- 4.8%
- 10-year average
- 4.1%
- All-time high (2022)
- 11.6%
- All-time low (2009)
- 0.4%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +7.1 percentage point.
- Change vs. previous year
- +7.1 percentage points
- Largest monthly swing
- August: +9.3 percentage points
ECB Target
Inflation is 9.6% 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 €111.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 7.7% | +4.6 |
| February | 7.8% | +5.0 |
| March | 9.4% | +6.5 |
| April | 10.5% | +7.2 |
| May | 11.5% | +7.9 |
| June | 12.5% | +8.7 |
| July | 13.1% | +8.6 |
| August | 14.1% | +9.3 |
| September | 13.7% | +8.4 |
| October | 12.8% | +6.8 |
| November | 13.3% | +6.6 |
| December | 12.8% | +5.6 |
| Average | 11.6% |
Data source
Data from OECD. Last updated: 11/01/2026.