In December, consumer prices rose 0.1% over the previous month. The increase was broadly in line with market expectations and matched the November rise. The monthly reading reflected an increase in prices for transport (+0.7% month-on-month) and education (+1.0% mom), which were partially offset by lower prices for leisure and clothing. Despite the moderate price increase, annual headline inflation rose from 2.5% in November to 3.0% in December, which marks the highest rate since May 2009. The core inflation index, which excludes volatile categories such as oil, fresh fruits and vegetables, rose 0.3% over the previous month, lifting annual core inflation from 2.0% in November to 2.5% in December. The Central Bank has a medium-term inflation target of 3.0%, with a 1% tolerance margin, and currently expects inflation to close the year at 3.3% before moderating to 3.0% by the end of 2012.
Inflation jumps to highest rate since May 2009
January 7, 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).