Chile Sees No Price Rises In September

The continuing decline in fuel prices led to 0% inflation last month in Chile, according to the country’s national statistics institute (INE), down from monthly inflation of 0.3% in August. The annual rate fell to 2.8%, the lowest level seen since last June. Analysts predict the unchanged prices in September will prompt the central bank to hold the overnight benchmark interest rate steady for at least another month at 5.25%. Growth slowed in the second quarter to 4.5% from 5.3% in the first quarter.