Chile Stats Agency Workers Question Leader as CPI Raises Doubts

Officials at Chile’s National Statistics Institute questioned the agency’s methodology for measuring consumer prices, after analysts said the organization may be underestimating inflation by as much as half.

In a letter received by Bloomberg, division chiefs said the institute’s director Francisco Labbe had dismissed recommendations made to modernize the methodology. The letter was addressed to Labbe and was signed by five division directors including Cristian Copaja, who heads up the office that researches prices.