SANTIAGO – Chile’s consumer price index (CPI) rose 0.30 percent in April, a figure that was in line with economists’ and investors’ expectations, officials said on Wednesday.
Inflation in the South American country is running at an annualized rate of 0.90 percent in 2019, while prices are up 2 percent on a year-on-year basis, the National Statistics Institute (INE) said.
In April, according to the INE, eight of the 12 categories in the basic basket of essential goods posted price increases, while prices fell in the other four categories.
The prices of food and non-alcoholic beverages rose 0.50 percent, while transportation was up 0.60 percent and general goods and services rose 0.60 percent.
The clothing and footwear category posted a price decrease of 0.50 percent, while alcoholic beverages and tobacco saw prices decline 0.20 percent.
Among general goods and services, the price of tomatoes rose 8.2 percent, milk prices went up 4.3 percent and gasoline rose 3.5 percent, while the price of lemons fell 13.6 percent.
The core inflation rate, which excludes volatile food and energy prices, inched up just 0.10 percent last month, bringing the year-to-date increase to 1.2 percent and the year-on-year rate to 1.9 percent.
Chile finished 2018 with an inflation rate of 2.6 percent, a figure that was three-tenths of a percentage point lower than the prior year.
The Central Bank is forecasting an inflation rate of 2.6 percent for 2019.