Chile Inflation Slows to Top of Target in Temporary Respite
- Inflation eased to 4%, the National Statistics Institute said
- Analysts expect the central bank to hold rates next week
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Chile’s inflation rate dipped to the top of the target range for only the second time in 19 months in October in what the central bank President Rodrigo Vergara has said will be a temporary respite for policy makers.
Consumer prices rose 4 percent from the year earlier, the National Statistics Institute said on its website Friday, down from 4.6 percent the month before and compared with the 3.9 percent median estimate of 16 analysts polled by Bloomberg. Prices climbed 0.4 percent in the month, with the cost of tradable goods rising 0.5 percent as the peso weakened, the agency said.