If you live in San Antonio, you can read this: Reuters: People in Chile paid more for food and non-alcoholic drinks in April, which led to a 1.4 percent rise in prices, the government’s statistics agency said Friday.
Reuters polled economists and found that the figure was higher than the 1% rise that was expected. It was also caused by rising prices for things like leisure and education.
People who work for the National Statistics Institute say that year-over-year inflation was 10.5%, which is way above the central bank’s goal of 2% to 4%.
After Chile’s central bank raised its interest rate to 8.25 percent, the new data shows that the rate has risen by 125 basis points since then. This is because the central bank is trying to keep consumer prices down.
Since the middle of last year, the bank has raised interest rates several times to keep inflation down in the Andean copper producer’s economy.