Chile: Growth Continues

Chile’s economy grew 6.4 percent in May, the fastest pace in five months, after rising sales at retailers and manufacturers spurred companies to increase investment. Consumer prices rose 0.4 percent in June, up from 0.3 percent in May, and the central bank may increase its benchmark lending rate, currently at 3.25 percent, when it meets this month. The bank aims to keep annual inflation at around 3 percent.