In February, consumer prices rose 0.4% over the previous month, which was above both the 0.1% increase recorded in January and market analysts' expectations, which had prices increasing by 0.2%. The monthly reading mainly reflected higher prices for transport as well as food and non-alcoholic beverages. Annual headline inflation rose from 4.2% in January to 4.4% in February, which is above the Central Bank's target of 3.0% (with a 1.0% tolerance margin) The core inflation index, which excludes volatile categories such as oil, fresh fruit and vegetables, rose 0.5% over the previous month. As a result of the monthly increase, annual core inflation edged up from 3.2% in January to 3.5% in February. Despite the monthly spike, Finance Minister Felipe Larrain stated that the government expects inflation to retreat and close the year within the Central Bank's target. The Central Bank expects inflation to end the year at 2.7%, before rising to 3.0% by the end of 2013.
Inflation accelerates in February
March 8, 2012
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Chile Economic News
October 12, 2016
In September, the Adimark GfK consumer confidence index (IPEC, Índice de Percepción de la Economía) rose slightly, inching up from August’s record-low of 31.5 points to 33.4 points.
October 7, 2016
In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading.
October 6, 2016
In Q3, the mood among Chilean businesses improved and reached the highest level in a year.
October 5, 2016
For a third consecutive month, the mood among Chilean businesses improved in September after it had fallen to the lowest level in over seven years in June.
October 5, 2016
In August, economic activity rose 2.5% over the same month last year, according to the monthly indicator for economic activity (IMACEC).