Chile: Inflation ticks up in August
September 8, 2014
In August, consumer prices rose 0.3% over the previous month. The print came in slightly above both the 0.2% increase tallied last month and the 0.1% the market had expected. According to the statistical institute, the monthly reading reflected higher prices for food and non-alcoholic beverages as well as for clothing.
Annual headline inflation ticked up from 4.5% in July to 4.6% in August. As a result, inflation remains above the Central Bank’s target range of 3.0% plus/minus 1.0 percentage points. The core inflation index, which excludes volatile categories such as oil, fresh fruit and vegetables, rose 0.4% over the previous month (July: +0.2% month-on-month). Annual core inflation rose from July’s 4.2% to 4.4% in August.
Author: Dirina Mançellari, Senior Economist