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In
January, consumer prices increased 0.10%. The consumer price increase
registered in January was well below the 0.18% expected by the Consensus
but reversed a 0.44% decline registered in December. Higher transport
prices pushed the general price level higher, pressured by higher fuel
prices, which jumped 6.8% in January alone. Most other price categories
surveyed by the National Statistical Institute (INE) recorded lower
prices. In particular lower prices for food, clothing and health
mitigated the impact of higher transportation prices. The annual headline
inflation rate rose from 2.8% in December last year to 3.0% in January.
Core inflation, which excludes the erratic movements of fuel prices,
dropped from 1.8% in December to 1.7%.
Consumer
Prices,
January 2002 -
January 2003
Note:
Variation of Consumer Price Index (CPI (Índice Precios al Consumidor (IPC))
in %.
Source: Instituto Nacional de Estadísticas (INE) y LatinFocus calculations.
More detailed information
available at the Chilean
Institute for Statistics (Instituto Nacional de Estadísticas (INE)).
Forecasts: This indicator is covered in the
LatinFocus Consensus Forecast. For 5-year projections, including quarterly forecasts for
the next two years, please click here
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