Inflation & Prices
Chile’s Inflation Accelerates, Stoking Caution on Rate Cuts
- Consumer prices rose 0.5% on month in April; estimate 0.4%
- Central bank expected to deliver new rate cut on May 23
A restaurant inside Mercado Central in Santiago, Chile.
Photographer: Cristobal Olivares/BloombergThis article is for subscribers only.
Chile’s consumer prices rose more than forecast last month, underscoring the central bank’s caution over further interest rate cuts after it spearheaded reductions in Latin American over the past year.
Prices increased 0.5% from March, above the 0.4% median estimate from analysts in a Bloomberg survey. The annual inflation rate rose to 4% from 3.7% in the chained series, the national statistics institute reported Wednesday.