*Chile’s national statistics institute (INE) has released the latest figures for the consumer price index (IPC) showing that monthly inflation stood at 0.7% in July, bringing the annual rate to 4.6%. This compares to monthly deflation of 0.1% in June, when the annual rate stood at 4.2%, and monthly inflation of 0.3% in May, when annual inflation was 4.1%. Of the 13 categories measured in the IPC, 10 registered monthly increases, with the most significant in the housing & basic services category (+2.2%) and home equipment & maintenance (+2.1%). Chile’s central bank (BCCh) chose to pause a yearlong easing cycle in its benchmark interest rate on 31 July, holding the rate steady at 5.75%.
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LatinNews Daily - 9 August 2024
In brief: Inflation maintains upwards trajectory in Chile
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- In brief: Inflation maintains upwards trajectory in Chile