Chile

Chile’s inflation accelerated sharply in March, exceeding expectations and signaling renewed price pressures.

Headline CPI rose 1.0% month-on-month, above the 0.9% forecast and a significant jump from 0.0% previously. Core CPI also increased to 0.8%, up from 0.1%, indicating broad-based inflation beyond volatile components.
Chile’s March trade and export data point to strengthening external performance, driven largely by copper.

**Trade Balance:**
$3.06B (actual) vs $2.79B (previous)
The wider surplus indicates improved export performance and/or stable import demand, supporting Chile’s external position.

**Copper Exports:**
$5.16B (actual) vs $4.70B (previous)
The increase reflects stronger copper shipments and/or higher prices, which is critical given copper’s dominant role in Chile’s economy.

Overall, the data signals a positive trend for Chile’s trade balance, with copper continuing to be the key driver of export growth and foreign currency inflows.
Chile’s unemployment rate came in at 8.3% in February, slightly better than expectations of 8.5% and unchanged from the previous reading.
Chile’s trade surplus narrowed in February, with the trade balance declining to $2.79 billion from $3.81 billion in the previous month. Despite the smaller surplus, copper exports increased slightly to $4.697 billion from $4.546 billion, reflecting continued strength in the country’s key export sector.
Chile’s economic activity declined 0.1% year-on-year in January, falling short of expectations for a 1.1% expansion and reversing the previous 1.7% growth.
Chile posted a stronger trade surplus in January, with the trade balance rising to USD 3.81 billion, up from USD 3.59 billion in the previous month, according to official data. The improvement came despite a sharp decline in copper exports, which fell to USD 4.55 billion from USD 5.83 billion in December, highlighting resilience in overall trade performance even as the country’s key export weakened in Chile.
Chile’s unemployment rate fell to 8.0% in December, beating market expectations of 8.3% and improving from 8.4% previously.
Chile’s central bank kept its policy rate unchanged at 4.50% in its January decision, in line with market expectations.
Chile’s economic activity growth slowed sharply in November, rising 1.2% year over year, well below expectations and down from the previous reading, signaling a notable loss of momentum in the economy.
Chile Unemployment Rate Holds Steady in November

Chile’s unemployment rate stood at 8.4% in November, unchanged from the previous month and slightly above the 8.2% market forecast.