Chile: Inflation recedes in February but remains above-target
Latest reading: Inflation inched down to 4.7% in February, following January’s 4.9% but above the Central Bank’s 2.0–4.0% target range. The moderation was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, housing, utilities and fuel, and transportation.
Annual average inflation was unchanged at January’s 4.4% in February. Meanwhile, core inflation fell to 3.8% in February from January’s 4.1%.
Finally, consumer prices increased 0.39% over the previous month in February, moderating from January’s 1.06% rise.