Chile: Inflation rises again in August
September 8, 2015
In August, consumer prices rose 0.7% over the previous month, which was above July’s 0.4% increase. According to the Statistical Institute, the result mainly reflected higher prices for food and non-alcoholic drinks as well as clothing and footwear.
Inflation rose from July’s 4.6% to 5.0% in August, which marked the highest rate in nine months. As a result, inflation further rose 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 0.4% in August over the previous month, mirroring July’s reading. Core inflation increased from July’s 5.2% to 5.3% in August, which marked the highest value since August 2009.