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  HOME | Chile

Inflation Running at 4% in Chile

SANTIAGO – Chile’s consumer price index rose 0.5 percent in September, bringing the inflation rate for the year to 4 percent, the National Statistics Institute said Thursday.

Inflation over the 12 months ending Sept. 30 was 4.6 percent, above the Central Bank’s target range of between 2 percent and 4 percent over a two-year cycle.

The Central Bank expects an inflation rate of 4.6 percent for 2015, unchanged from last year.

Nine of the 12 CPI components recorded increases last month.

Prices of food and non-alcoholic beverages increased 1.1 percent, housing and basic services climbed 0.5 percent, and transportation costs advanced 0.4 percent, though prices for alcoholic beverages and tobacco slipped 0.7 percent.

At the level of individual products and services, the largest price increases involved tomatoes, up 35.6 percent; potatoes, 11.6 percent; and intercity bus fares, which rose 7.1 percent.

The cost of air transport dropped 7.6 percent, while gasoline prices declined 2.1 percent.

 

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