Chile: Inflation rises in January
February 8, 2016
In January, consumer prices rose 0.5% over the previous month, which followed December’s flat reading. According to the Statistical Institute, the result reflected higher prices among most categories of the index, including alcoholic beverages and tobacco.
Inflation rose from December’s 4.4% to 4.8% in January. 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 0.7% in January over the previous month, which was up from December’s 0.2% increase. Core inflation edged up from 4.7% in December to 4.9% in January.