Chile: Inflation comes in at highest level since November 2008 in February
Consumer prices increased 0.29% in February over the previous month, coming in below January’s 1.21% increase. February’s result marked the softest rise in prices since June 2021. Looking at the details of the release, the change in the prices for food and non-alcoholic beverages rose at a faster pace in February and prices for housing, utilities and fuel were largely in line with the previous month’s reading. Moreover, prices for healthcare grew at a more subdued pace.
Inflation edged up to 7.8% in February, following January’s 7.7%. February’s result represented the highest inflation rate since November 2008. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.3% in February (January: 4.9%). Finally, core inflation fell to 6.6% in February, from the previous month’s 7.1%.