Chile: Inflation moderates in March amid cheaper oil
April 8, 2020
Consumer prices rose 0.3% over the previous month in March, easing from February’s 0.4% increase. According to the Statistical Institute March’s result reflected higher prices for education and food, which more than offset lower prices for transport.
Inflation logged 3.7% in March, down from February’s 3.9%. Thus, inflation remained within the Central Bank’s 2.0%–4.0% target band. Meanwhile, core inflation fell to 2.5% from February’s 2.7%.
Lastly, annual average inflation crept up to 2.7%, from 2.6% in February.