Chile’s annual inflation at record low since Oct 2013

SANTIAGO – The annual inflation in Chile decreased to 1.7% in June, the lowest reading since October 2013, from 2.6% in May.

It was the ninth consecutive month in which inflation was lower than the 3% target set by the Chilean central bank, according to the National Statistics Institute (INE).

On a monthly basis, Chile’s consumer price indexes receded 0.4% – the first deflation since December 2016. In May, the country had a monthly inflation of 0.1%.