In September, consumer prices rose 0.8% over the previous month, which was well above the 0.2% increase registered in August and exceeded market expectations of a 0.6% increase. According to the statistical institute's press release, higher prices for food and non-alcoholic beverages as well as for transport drove the monthly increase. As a result, annual headline inflation rose from 2.6% in August to 2.8% in September, 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, added 0.5% over the previous month, contrasting August's 0.2% drop. Annual core inflation followed suit and rose from 2.0% in August to 2.2% in September. In the latest Monetary Policy Report from September, the Bank sees year-end inflation at 2.5%. For 2013, monetary officials expect inflation to end the year at 3.0%.
Inflation accelerates on food and transport prices
October 6, 2012
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Chile Inflation Chart
Note: Year-on-year and monthly variation of consumer price index in %.
Source: Chile National Statistical Institute (INE).
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
The Chilean government presented the most austere budget proposal in over a decade on 30 September.
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.