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Financial News: CHILE: Consumer Prices Rise 2.3% In December, Highest

CHILE: Consumer Prices Rise 2.3% In December, Highest Annual Rate Since May

01/08/2018 - 15:55:00 (RTTNews)

(RTTNews) - Chile's Consumer Price Index (CPI) rose 2.3% in December on an annual basis, accelerating from November and recording the highest rate since May 2017. The inflation rate is within the Chilean central bank's target for 2017 of between 2% and 4%.

The annual increase recorded in December was primarily due to rising prices of alcoholic beverages and tobacco, education and housing and basic services.

In the monthly comparison, inflation in Chile rose 0.1% in December from November, in line with market expectations.

Core inflation, which excludes food and energy prices, rose 1.9% in December on an annual basis and had a 0.2% monthly increase.

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