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Chile Inflation September 2019

Chile: Inflation recedes in September

Consumer prices saw no growth in September, following August’s 0.2% month-on-month increase. According to the national statistical institute, lower transport prices offset higher costs for alcoholic beverages and tobacco. Meanwhile, core consumer prices rose 0.1%, matching August’s result.

Inflation inched down to 2.1% in September (August: 2.3%), landing marginally above the lower bound of the Central Bank’s 2.0%–4.0% target rate. Similarly, core inflation ticked down to 2.3% (August: 2.4%).

Annual average inflation came in at 2.3%, marginally below August’s 2.4%.

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