Chile’s inflation rises to 4.5% year-on-year in October and the monthly CPI accelerates to 0.5%

Inflation in Chile picks up in October to 4.5% year-on-year and the monthly CPI accelerates to 0.5%, with sharp increases in transport and food.

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The Consumer Price Index (CPI) of Chile stood in October at 4.5% year-on-year, which implies an increase of four tenths compared with the figure recorded in September, according to the figures published this Friday by the National Statistics Institute (INE).

On a monthly basis, inflation rose by one tenth, to 0.5%. Core inflation, which excludes the most volatile components such as food and energy, fell by one tenth to 0%, in a context in which staples became more expensive by 1% and energy rose by 2.7%.

By spending groups, the monthly increases stood out in transport (2%); food and non-alcoholic beverages and alcoholic beverages and tobacco (both categories at 1%); as well as in restaurants and accommodation, with an increase of 0.8%.

In the opposite direction, the price of clothing and footwear saw a decline of 4.1%, while telecommunications fell by 1% and home equipment and care decreased by 0.6%.