Chile's inflation: the highest since December 2008; Central Bank expected to further raise basic rate

Wednesday, December 8th 2021 - 09:44 UTC

Full article 2 comments

Chile's Consumer Price Index, CPI, in November climbed 0,5%, in line with market expectations, according to a report from the Stats Office, INE, In the eleven months of the year the IPC reached 6,3% and 6,7% in the last twelve months, which is the highest since December 2008 (7,1%), and far above the Central Bank's target of 3%. Read full article

Comments

Disclaimer & comment rules

Marti Llazo
The continuing devaluation of the CLP is contributing to the degree of inflation, and the weakness of the CLP is in no small part response to the increasing instability perceived in the country, which has grown since pro-Marxist/anarchist destruction there since Red October of 2019. If it's another Venezuela they want, another Venezuela is what they are trying to get.
Dec 08th, 2021 - 03:26 pm - Link - Report abuse 0
-+
FortHay
What a disaster ! Chile was the very best of Latin America. After living and working there, I used to tell people it was a lot like California, but with one major benefit: Virtually no Californians. :-) I wish Chilenos well and hope things turn around.
Dec 08th, 2021 - 03:49 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!