Chile Prices Rise More Than Forecast Before Key Rate Decision
- Consumer prices increased 0.3% on month, 4.1% on year in May
- Central bank will set monetary policy at June 18 meeting
Shoppers at La Vega Central fruit and vegetable market in Santiago.
Photographer: Cristobal Olivares/BloombergThis article is for subscribers only.
Chilean consumer prices rose more than expected last month and the central bank warned of the inflationary impact from higher copper and electricity prices, bolstering odds of a smaller interest rate cut in June.
Prices increased 0.3% from April, marginally above the 0.2% median estimate from analysts in a Bloomberg survey. The annual inflation rate ticked up to 4.1% in the chained series, the national statistics institute reported on Friday.