In May, consumer prices were flat over the previous month, which followed a 0.1% increase recorded in April and undershot market expectations of a 0.2% rise. The monthly reading mainly reflected higher prices for housing and utilities, which were completely offset by lower food and transport prices. As a result of the subdued reading, annual headline inflation fell from 3.5% in April to 3.1% in May, only an inch above the Central Bank's target of 3.0%. The core inflation index, which excludes volatile categories such as oil, fresh fruit and vegetables, added 0.3% over the previous month, prompting annual core inflation to inch up from 2.6% in April to 2.7% in May. In its March Monetary Policy Report, the Central Bank expects inflation to end the year at 3.5%. For 2013, the Bank expects inflation to end the year at 3.0%.
Inflation moderates in May
June 11, 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
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).