LatinNews Daily - 09 November 2022

In brief: Chile’s inflation slows

*Chile’s national statistics institute (INE) has released new figures which show monthly inflation in October was 0.5%, down from 0.9% in September while the 12-month rate was 12.8%, down from 13.7% in September. INE highlighted monthly price rises in food & non-alcoholic drinks (0.8%) and transport (+0.8%) while equipment & home maintenance registered a decline of -1.5%. Chile’s central bank (BCCh) raised the country’s benchmark interest rate to 11.25% last month up from 10.75% previously in the latest bid to reign in rising inflation although it signalled that no more hikes were pending.

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