Chile: Inflation falls to over-two-year low in September
October 7, 2016
In September, consumer prices rose 0.2% over the previous month, which came in above August’s flat reading. The print fell short of market expectations of a 0.6% increase. According to the Statistical Institute, the moderate increase mainly reflected higher prices for food, non-alcoholic beverages and transport.
Inflation fell from August’s 3.4% to 3.1% in September, which marked the lowest reading in more than two years and brought inflation close to the center 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, fell 0.1% in September from the previous month, contrasting August’s 0.1% increase. Core inflation decreased from 3.9% in August to 3.4% in September.