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Financial News: CHILE: Annual Inflation Slows To 1.8% In March

CHILE: Annual Inflation Slows To 1.8% In March

04/07/2018 - 14:31:00 (RTTNews)

(RTTNews) - The consumer price index in Chile rose 1.8% in March from a year before, losing strength from the previous month, when the index increased 2%, according to the country's statistics office (Ine). It was the slowest annual inflation rate since September 2017, when the consumer price index rose 1.45%.

On a monthly comparison, the Chilean consumer price index increased 0.2% in March. In February, the index was unchanged. So far in 2018, the inflation rate in Chile is at 0.7%.

The consumer price index excluding food prices increased 1.6% in March from a year before and rose 0.3% compared to February.

The annual inflation target in Chile ranges from 2% to 4%.

The next monetary policy meeting at the Chilean central bank is scheduled for May 3.

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