Chile: Inflation inches down to over-one-year low in November
December 7, 2015
In November, consumer prices were unchanged over the previous month, which was below October’s 0.4% increase. According to the Statistical Institute, the result mainly reflected that lower prices for transport were offset by higher prices for different goods and services.
Inflation dropped slightly from October’s 4.0% to 3.9% in November, marking the lowest value since March 2014. As result, inflation fell slightly below 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 were unchanged in November over the previous month, which was below from October’s 0.5% rise. Core inflation fell from October’s 5.1% to 4.9% in November.