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CHILE: Consumer Prices Rise 1.9% In August, Nearing Inflation Target

(Agencia CMA Latam) - Chile's Consumer Price Index (CPI) rose 1.9% on year in August, accelerating when compared to July, when it increased by 1.7%, and nearing the country's central bank target, of between 2% and 4%.

The increase in the annual inflation rate in August was primarily due to the increase in prices of alcoholic beverages and tobacco, health, education, and restaurants and hotels.

On a monthly basis, inflation in Chile remained at 0.2% in August when compared to July, but above analysts expectations (+0.1%).

The underlying index, which excludes food and energy prices, rose 1.8% in August on a yearly comparison and posted 0.1% negative change against July.

by Agencia CMA Latam

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