Back

LatinNews Daily - 11 October 2021

In brief: Chile’s inflation keeps rising

* Chile’s national statistics institute (INE) has released the latest figures for the consumer price index (IPC), which show that monthly inflation reached 1.2% in September, the highest figure for this month since 2008. This brings annual inflation to 5.3% in September, well outside of the central bank’s (BCCh) 2%-4% target range. “This [monthly] increase, considerably larger than expected, concerns us due to its effects on households, particularly the most vulnerable, which are seeing their purchasing power shrink”, economy minister Lucas Palacios said on Twitter. Palacios said that money must stop being injected in the economy, notably referencing a project to allow Chileans to make a fourth withdrawal from their pensions and which awaits approval from the senate, and which the government warns will push up inflation further. 

End of preview - This article contains approximately 129 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.