Cost of food in Chile increased 3.70 percent in November of 2024 over the same month in the previous year. Food Inflation in Chile averaged 6.60 percent from 2014 until 2024, reaching an all time high of 24.41 percent in December of 2022 and a record low of -0.40 percent in September of 2017. source: National Institute of Statistics, Chile
Food Inflation in Chile is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Food Inflation is projected to trend around 3.50 percent in 2025 and 3.00 percent in 2026, according to our econometric models.