Chile: Inflation slows in September
October 8, 2015
In September, consumer prices rose 0.5% over the previous month, which was below August’s 0.7% increase. According to the Statistical Institute, the result mainly reflected higher prices for food and non-alcoholic drinks.
Inflation receded from August’s nine-month high of 5.0% to 4.6% in September. However, 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 0.4% in September over the previous month, mirroring August’s reading. Core inflation rested at August’s 5.3%, which had marked the highest value in over six years.