Chile: Inflation at a 15-month high in December
January 8, 2020
Consumer prices rose 0.1% over the previous month in December, matching November’s print. According to the Statistical Institute, December’s result chiefly reflected higher prices for transport and housing, which more than offset falling food costs. Similarly, core consumer prices rose 0.1% (November: -0.2%).
Inflation logged 3.0% in December (November: 2.7%), marking the highest reading since September 2018 and landing on the Central Bank’s target rate. Meanwhile, core inflation was stable at November’s 2.5%.
Annual average inflation came in at 2.5%, up from November’s 2.2%.
Author: Nicolás J. Aguilar, Economist