October 28, 2020

Prices rise in Chile by 0.3% in September, less than expected

Prices rise in Chile by 0.3% in September, less than expected



Chile's Consumer Price Index (CPI) increased 0.3% last September, below market and expert expectations, which on average were betting on a 0.4% rise, sources said today. official

With the figure of September, the accumulated inflation so far this year stood at 2.3% and the interannual rate reached 3.1%, above the average of the target range of the Central Bank, of between 2 % and 4% for a two-year horizon, says the report of the National Institute of Statistics (INE).

Inflation closed 2017 with a rate of 2.3%, the lowest rate in the last five years.

In September, according to the INE, eight of the twelve divisions that make up the CPI basket recorded price rises and four had declines.

The divisions with the highest increases were Transport (1.1%), Housing and Basic Services (0.7%) and Food and Non-alcoholic Beverages (0.4%).

Among those who recorded losses were Alcoholic Beverages and Tobacco (-0.6%) and Apparel and Footwear (-0.5%).

At the level of products and services, the highlights were the increases in interurban transport (18.3%), gasoline (1.7%), liquefied gas (2.7%), potatoes (16.5%) and tomatoes ( 11.6%), while among the lowers it stood out those of avocados (avocados), with 5.9%.

The core CPI, which excludes fuels, fresh fruits and vegetables, had a variation of 0.1% in September, accumulating 1.8% so far this year and 2.3% year-on-year.

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