Current inflation Chile 3.9%
December 2023
Current Inflation
Inflation is very high at 7.7%, far above the ECB target.
Historical Context
Current inflation is 1.8% higher than the 5-year average of 5.9%.
- 5-year average
- 5.9%
- 10-year average
- 4.7%
- All-time high (1974)
- 586.1%
- All-time low (2009)
- 0.4%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -3.9 percentage point.
ECB Target
Inflation is 5.7% 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 €107.70 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 7.7%
- Last year
- 11.6%
- 5-year average
- 7.7%
- All-time high (1974)
- 586.1%