Chile: Inflation continues to moderate in April
May 6, 2016
In April, consumer prices rose 0.3% over the previous month, which was slightly below March’s 0.4% increase. According to the Statistical Institute, the result reflected moderate increases in most categories of the price index, particularly in healthcare, housing and basic services.
Inflation moderated for a third consecutive month, edging down from 4.5% in March to 4.2% in April, which marked the lowest reading in five months. Nevertheless, inflation still remained above the upper bound of the Central Bank’s target range of 3.0% plus/minus 1.0 percentage point. Core consumer prices, which exclude volatile categories such as oil, fresh fruit and vegetables, rose 0.4% in April over the previous month, matching March’s print. Core inflation fell from 4.8% in March to 4.6% in April.