Chile: Inflation eases in May from the prior month
Latest reading: Consumer prices were up 3.9% in annual terms in May, following a 4.0% rise in the prior month.
Relative to the previous month’s data, price pressures reduced for food and non-alcoholic beverages in May (+2.5% in annual terms vs +3.6% in April). In contrast, there were more notable price pressures for housing, utilities and fuel (+4.2% vs +3.4% in April) and transportation (+10.1% vs +9.5% in April).
Meanwhile, core consumer prices rose 2.9% on a year-on-year basis in May, following a 2.8% increase in the previous month.
Lastly, consumer prices increased 0.17% in May in month-on-month terms, following a 1.29% increase in the prior month.