Chile: Inflation eases to over-one-year-low in April
May 8, 2015
In April, consumer prices rose 0.6% over the previous month, matching March’s result which had represented a five-month high. According to the Statistical Institute, the monthly reading mainly reflected higher prices for food and non-alcoholic beverages, transport as well as healthcare.
Headline inflation inched down from 4.2% in March to 4.1% in April, which was the lowest figure since March 2014. As a result, inflation remains above the upper bound of the Central Bank’s target range of 3.0% plus/minus 1.0 percentage point. The core inflation index, which excludes volatile categories such as oil, fresh fruit and vegetables, rose 0.5% in April over the previous month, mirroring March’s print. Annual core inflation fell from March’s 5.5% to 5.2% in April, which marked the lowest value in four months.