Chile: Inflation comes in at highest level since October 2008 in March
Consumer prices rose 1.86% over the previous month in March, accelerating from February’s 0.29% increase. The figure was largely driven by rising prices for food and non-alcoholic beverages. In addition, price pressures for housing, utilities and fuel rose at a faster pace.
Inflation came in at 9.4% in March, which was up from February’s 7.8%. March’s result represented the highest inflation rate since October 2008. Annual average inflation rose to 5.9% in March (February: 5.3%). Finally, core inflation rose to 7.4% in March, from February’s 6.6%.