Chile recorded inflation of 0.5 percent last October relative to the previous month and accumulated an increase of 11.4 percent so far this year, the National Institute of Statistics (INE) reported on Tuesday.
“In October 2022, the Consumer Price Index (CPI) recorded a monthly variation of 0.5 percent, accumulating 11.4 percent so far this year and a 12-month increase of 12.8 percent,” said the institution in a statement.
In detail, INE emphasized that eight of the 12 divisions that make up the CPI basket had a positive impact on the monthly variation of the index, three had a negative effect and one had no impact at all.
He added that among the divisions with price increases were food and non-alcoholic beverages and transportation, while among the divisions with decreases were home appliances and maintenance.
After learning the results, the Minister of Finance, Mario Marcel, told reporters that Chile entered a period where “we started to have inflation figures below what was expected. Inflation has already reached its ‘peak’ (peak) in August”.
“The macroeconomic policy, the policy followed by the Central Bank, supported by the fiscal policy, has begun to give effect and what we will see from now on, especially during the next year, will be the systematic decline of inflation. said.
