Chile July Inflation 0.5%

Chile’s consumer prices rose 0.5% in July, compared with June, faster than the average forecast by economists. Higher gas prices have contributed to a rise in energy costs to drive up prices overall and the threat of hikes in the cost of natural gas from Chile’s main supplier Argentina looks set to increase inflationary pressures. The price rise in July took cumulative inflation for the year to 2.6% and inflation for the 12 months to end-July to 3.8%, near the top range of 4% set by the Central Bank.