The Chilean consumer price index showed no variation in July in contrast to the surprise 0.3% drop in June, as increases in food and non-alcoholic drinks offset falls in clothing, footwear and utilities, according to the national statistics agency INE.
The Bank of England has announced on Thursday it will pump a further £50bn into the UK economy over the next four months through its quantitative easing (QE) program to try to help the economy.
History has left Argentines with more than their share of economic trauma. Having twice suffered destructive bouts of hyperinflation in the late 1980s, they are sensitive to rising prices. When they spot inflation their instinct is to dump the peso and buy dollars.
The consumer price index in Argentina during the month of November increased 0.6% according to the official stats office Indec, which is less than half the percentage released by private estimates through the so called Congress inflation index.
US consumer prices were flat in November as Americans paid less for cars and gasoline, while the 12-month inflation reading fell for the second straight month, which could give the Federal Reserve more room to help a still-weak economy.
United States inflation rate decelerated slightly in August as gasoline prices climbed at a more modest pace and the cost of buying a new car held flat, the Labour Department said on Thursday.
Consumer prices in Uruguay rose sharply again in May, led by steep increases in prices at restaurants and hotels, for housing and for health costs accumulating 8.53% in the last twelve months and 4.34% in the five months of 2011.
Chile’s consumer prices rose 0.3% in April from March, reported the National Statistics Institute. Annual inflation reached 3.2%, down from 3.4% a month earlier, and 1.6% in the first four months of 2011.
UK interest rates have been held again at their record low of 0.5% by the Bank of England's Monetary Policy Committee. There has now been no change to the Bank rate for two years, despite the fact that inflation is currently twice the Bank's target rate.
Gold rose Thursday to a one-month high as rising consumer prices in United States and the UK boosted investor demand for an inflation hedge. Silver touched a 30-year high.