The Consumer Price Index (CPI) of Chile has risen one tenth in May compared to April, and has stood at 4.1% year-on-year, as disclosed this Friday by the country’s National Institute of Statistics (INE). Thus, Chilean inflation has been rising for two months, since in April it left behind the downward trend of the previous 14 months, not counting February of this year. It was in March when the lowest figure since May 2021 was reached (when it was 3.6%). In monthly terms, inflation recorded a variation of 0.3%, two tenths less than in April and one tenth less than in March. The accumulated inflation for the year now reaches 2.4%. Twelve of the thirteen divisions that make up the index contributed positive impacts on the monthly variation, while one presented negative impacts. Among the divisions with increases in their prices, the increases in transportation (0.6%), clothing and footwear (1.9%), recreation, sports and culture (1%) and miscellaneous goods and services (1%) stood out. For its part, the division that recorded monthly decreases in its prices was housing and basic services (-0.3%). In this context, the Central Bank of Chile decided in its last monetary policy meeting, held last May, to reduce interest rates by 50 basis points, to the level of 6%.
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