Chile's consumer prices increased by only 0.1% in September 2024, falling short of the 0.3% median estimate from analysts in a Bloomberg survey. This modest rise indicates a potential easing in inflation pressures, with the annual inflation rate decreasing to 4.1%, although it remains above the central bank's target of 3%, according to the National Statistics Institute.
The central bank is expected to respond to this favorable data by cutting interest rates again in the coming week. Such a move could have significant implications for economic growth and investment in Chile, influencing both local and international markets.
This development is crucial as it reflects broader economic trends in Latin America, where inflation rates and monetary policy decisions are closely watched by investors and policymakers globally.