Chile’s annual inflation rises to 4.5 per cent in October
Chile’s consumer prices rose 0.5 per cent in October, taking annual inflation from 4.1 per cent to 4.5 per cent. Transport and food prices made the largest positive contributions, with fuel and vegetables among the increases. Clothing, footwear and internet connections became cheaper. Measures excluding volatile items or food and energy were unchanged monthly.
Economics & Markets··Night
October prices increase 0.5 per cent
Consumer prices in Chile rose 0.5 per cent in October from the previous month, extending the price increases accumulated during the year.[1], [2]
The national statistics institute put annual inflation at 4.5 per cent, up from September’s 4.1 per cent. The increase since the start of the year was also 4.5 per cent. September had brought a monthly rise of 0.4 per cent. Six of the basket’s 13 divisions contributed positively in October, five negatively and two made no contribution.[1]
Fuel and vegetables become dearer
Transport prices increased 2 per cent. Petrol rose 4.5 per cent and diesel 12.3 per cent during the month. International air fares climbed 13 per cent, while domestic flights became 11.8 per cent cheaper. Food and non-alcoholic drinks increased 1 per cent, with prices rising for 56 of the division’s 81 products. Potatoes increased 12 per cent and tomatoes 11.2 per cent.[1]
Clothing and internet prices decline
Clothing and footwear prices fell 4.1 per cent, with declines across 20 of the category’s 23 products. Internet connections became 14.7 per cent cheaper. Shared building charges rose 3.9 per cent. Both the index excluding volatile items and the measure excluding food and energy were unchanged from September.[1]
