In May, consumer prices rose 0.4% over the previous month, which was a tad above both the 0.3% price rise recorded in April and market analysts' expectations of a 0.3% increase. The monthly jump mainly reflected higher prices for food and non-alcoholic beverages as well as for housing. As a result of the price increase, annual headline inflation inched up from 3.2% in April to 3.3% in May. The core inflation index, which excludes volatile categories such as oil, fresh fruits and vegetables, also rose 0.3% over the previous month. As a result, annual core inflation inched up from 2.4% in April to 2.5% in May. The Central Bank has a medium-term inflation target of 3.0%, with a 1% tolerance margin. However, the Bank expects inflation to end the year at 3.3%, before moderating to 2.9% by the end of 2012.
Inflation accelerates in May on higher food prices
June 8, 2011
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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).