Chile: Inflation inches up in September
October 7, 2011
In September, consumer prices rose 0.5% over the previous month, which was above the 0.2% price rise recorded in August but in line with market analysts' expectations. The monthly reading mainly reflected higher prices for food and non-alcoholic beverages, as well as for transport. Annual headline inflation rose slightly from 3.2% in August to 3.3% in September, hovering above the Central Bank's target of 3.0%. The core inflation index, which excludes volatile categories such as oil, fresh fruit and vegetables, inched 0.3% higher over the previous month. Despite the monthly increase, however, annual core inflation inched down from 2.3% in August to 2.2% in September. The Central Bank expects inflation to end the year at 3.3%, before moderating to 2.9% by the end of 2012.