Chile Inflation Unexpectedly Falls to Within Target Range
- Core inflation remains high, keeping pressure on central bank
- Vergara had warned CPI would remain above 4% in coming months
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Chile’s inflation rate slipped within the target range for the first time in 20 months in November, while core inflation remained high, keeping pressure on the central bank to raise rates. A separate report showed economic growth remained sluggish in October.
Consumer prices rose 3.9 percent from the year earlier, the National Statistics Institute said on its website Monday, compared with the 4 percent median estimate of 14 analysts polled by Bloomberg. Prices were flat in the month, the institute said.