Chile: Inflation rises in March from the prior month
Latest reading: Consumer prices increased 2.8% on a year-on-year basis in March, following a 2.4% rise in the prior month and within the Central Bank’s 2.0–4.0% target range.
Relative to the previous month’s data, price pressures were higher for transportation in March (+1.3% in annual terms vs -2.0% in February). In contrast, there were milder price pressures for food and non-alcoholic beverages (+3.5% vs +4.2% in February) and housing, utilities and fuel (+2.9% vs +3.1% in February).
Meanwhile, core consumer prices rose 2.9% on a year-on-year basis in March, following a 2.5% increase in the prior month.
Finally, consumer prices rose 0.96% in March in month-on-month terms, following a 0.01% decline in the prior month.