Chile: Inflation stable in June
July 8, 2016
In June, consumer prices rose 0.4% over the previous month, which was above May’s 0.2% increase and marked the highest reading in five months. According to the Statistical Institute, the modest increase mainly reflected higher prices for food and non-alcoholic beverages.
Inflation in June matched May’s 4.2% reading, and thus remained slightly 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, grew 0.2% in June over the previous month, contrasting May’s 0.1% fall. Core inflation inched down from 5.0% in May to 4.9% in June.