Chile: Inflation moderates in February
March 8, 2016
In February, consumer prices rose 0.3% over the previous month, which was below January’s 0.5% increase. According to the Statistical Institute, the result mainly higher prices for housing and basic services.
Inflation inched down from 4.8% in January to 4.7% in February. As a result, inflation 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 0.6% in February over the previous month, which was slightly down from January’s 0.7% increase. Core inflation remained at January’s 4.9%.