Chile | CPI increased 0.5% MoM in September, below consensus expectations

CPI increased 0.5% MoM in September (+4.6% YoY; 4.0% YtD), well below consensus expectations (+0.7% MoM) but near our forecast (+0.6% MoM). The print was driven by increases in foodstuffs (mainly perishables), housing and transportation. Initially, for October’s CPI we forecast an increase in a range between +0.2% and +0.3% MoM (+3.8% to +3.9% YoY).

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