Jump in Chilean Prices Fuels Talk of Early Rate Increase

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  • Consumer prices rose 5% in August from the year earlier
  • Inflation stays at or above top of target range for 17th month

Chilean inflation accelerated more than forecast in August, reaching the fastest pace since November, fueling speculation that the central bank will raise interest rates before the end of the year. One-year rate swaps rose by the most in six months.

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