Chile: Inflation increases in October
Latest reading: Inflation came in at 4.7% in October, which was up from September’s 4.1% and above the Central Bank’s 2.0–4.0% target range. The result was driven by rising price pressures for food and non-alcoholic beverages and housing, utilities and fuel.
Annual average inflation was unchanged at September’s 4.3% in October. Meanwhile, core inflation rose to 3.9% in October from September’s 3.7%.
Lastly, consumer prices increased 0.98% in October over the previous month, accelerating from September’s 0.09% increase. October’s result marked the sharpest increase in prices since March 2023.