Back

LatinNews Daily - 09 June 2022

Click here for printer friendly version
Click here for full report

In brief: Chile’s annual inflation gathers pace

* Chile’s national statistics institute (INE) has announced that monthly inflation in May was 1.2%, driven by higher food and transportation prices, bringing the year-on-year rate to 11.5%. The monthly figure is down from 1.4% in April, but the year-on-year rate is up from 10.5%. The latest figures come the day after Chile’s central bank (BCCh) raised the country’s benchmark interest rate from 8.25% to 9.0% in response to mounting inflation. Chile closed 2021 with annual inflation of 7.2% in December, its highest level in 14 years and significantly above the BCCh’s target range of 2-4% for 2021.

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.