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Chile | January CPI of 0.5% MoM (2.2% YoY), with a significant effect from food

Published on Thursday, February 8, 2018 | Updated on Sunday, July 15, 2018

Chile | January CPI of 0.5% MoM (2.2% YoY), with a significant effect from food

The January CPI 0.5% MoM surprised the market and exceeded expectations, due to a significant increase in the price of food (vegetables). Core inflation of 0.3% MoM was largely due to the readjustment of tariffs and a seasonal increase in some services, since the inflation of goods was at 0.1% MoM. The disinflationary impact of the appreciation of the peso is expected to be seen in the coming months.

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