Chile: Inflation drops in September
Inflation fell to 13.7% in September from August’s 14.1%. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a faster pace in September and inflation for housing, utilities and fuel was broadly stable from the previous month’s reading. Meanwhile, transportation price growth softened but remained elevated.
The trend pointed up, with annual average inflation coming in at 10.1% in September (August: 9.4%). Meanwhile, core inflation fell to 10.3% in September, from August’s 10.9%.
Lastly, consumer prices rose 0.86% from the previous month in September, moderating from the 1.22% rise logged in August. September’s result marked the weakest reading since February.