Chile: Inflation remains low in April
May 8, 2017
Consumer prices in Chile rose 0.2% in April compared to the previous month, down slightly from March’s 0.4% and bang in line with analysts’ expectations. According to the National Statistical Institute (INE), April’s figure was underpinned by a rise in prices for food and non-alcoholic drinks and health, while the price of clothing and footwear fell month-on-month.
Inflation was 2.7% in April, mirroring March’s figure and below the Central Bank’s central target of 3.0%, although still within the 2.0%-4.0% tolerance range. After stripping out volatile categories such as oil, fresh fruit and vegetables, core consumer prices rose 0.3% in April, mirroring March’s figure, while core inflation was 2.2% in April, again identical to March’s result.
Author: Oliver Reynolds, Economist