In August, consumer prices added 0.2% over the previous month, which followed the flat reading registered in July and undershot market expectations of a 0.3% increase. According to the press release, higher prices for food and non-alcoholic beverages as well as for utilities drove the monthly increase. As a result, annual headline inflation inched up from 2.5% in July to 2.6% in August, which remains within the Central Bank's target of 3.0% with a plus/minus 1.0 percentage points tolerance margin. Meanwhile, the core inflation index, which excludes volatile categories such as oil, fresh fruit and vegetables, fell 0.2% over the previous month, contrasting July's 0.1% increase. Annual core inflation followed suit and fell from 2.4% in July to 2.0% in August. In the latest Monetary Policy Report from September, the Bank cut its year-end inflation forecast to 2.5% from the previous 2.7% rate. For 2013, monetary officials left the year-end inflation forecast unchanged at 3.0%.
Inflation inches up in August
September 7, 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).