Chile's consumer prices rise 0.6% in August, beating forecasts By Investing.com

Investing.com -- Chile's consumer prices increased 0.6% in August compared to July, marking the fastest monthly rise since April and surpassing market expectations, according to official data released on Tuesday. The monthly rate picked up from 0.1% in July and topped the 0.3% median forecast in a poll of economists and the expectation of central bank traders. Statistics agency INE said the largest upward pressure came from food and non-alcoholic beverages and transport. Food and non-alcoholic beverages increased 1.4% from the previous month, while transport climbed 1.6%. Nine of the 13 categories in the consumer basket posted monthly price increases. Annual inflation accelerated to 4.1% from 3.5% in July, moving outside the central bank's tolerance range of 3%, plus or minus one percentage point. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.