LatinNews Daily - 09 May 2022

In brief: Chile’s inflation continues to climb

* Chile’s national statistics institute (INE) has announced that monthly inflation reached 1.4% in April, bringing the year-on-year rate to 10.5%. Monthly inflation, which was less than the 1.9% registered in March, was particularly pronounced in the categories of recreation & culture (2.9%) and food & non-alcoholic drinks (2.3%). The latest figures were released the day after Chile’s central bank (BCCh) raised the country’s interest rate by 125 basis points to 8.25% as part of efforts to rein in high inflation.

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