In March, consumer prices rose 0.8% over the previous month, which was well above the 0.2% price rise recorded in February but broadly in line with market analyst expectations. The monthly reading mainly reflected an increase in prices for education (+4.6% month-on-month), as in March came into effect the new education fees for this academic year. The robust price hike also reflected higher prices for food and non-alcoholic beverages as well as for transportation. As a result of the pronounced price increase, annual headline inflation jumped from 2.7% in February to 3.4% in March. The core inflation index, which excludes volatile categories such as oil, fresh fruits and vegetables, rose 0.4% over the previous month. As a result, annual core inflation increased from 2.1% in February to 2.4% in March. The Central Bank has a medium-term inflation target of 3.0%, with a 1% tolerance margin. However, on 4 April the Bank sharply raised its inflation forecast for this year to 4.3% from the previous 3.3%, although it maintained its 3.0% forecast for the end of 2012.
Inflation surged in March amid higher education fees
April 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).