Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.

Chile’s inflation surged to 4.6% in July amid rising housing & electricity costs

Posted on August 16, 2024 |

Chile's inflation rose to 4.6% in July 2024, continuing a four-month upward trend in prices.

The Consumer Price Index (CPI) increased by 0.7% in July, leading to a 3.1% rise so far this year, signaling ongoing inflation concerns.

Housing and Basic Services costs jumped by 2.2%, driven by a 12% increase in electricity prices and a 2.9% rise in common expenses, contributing to the overall inflation.

The Equipment and Home Maintenance sector saw a 2.1% increase, with furniture and household appliances rising by 9.1% and 2.5% respectively, adding to the CPI.

Some sectors experienced price decreases, such as the Health division, which saw a 0.1% drop, slightly offsetting the overall inflation.

Chile's inflation rate climbed from 4.2% in June to 4.6% in July, a shift from the previous month’s 0.1% decrease in consumer prices.

The core CPI, excluding volatile items, fell by 0.6% in June, marking the largest decline in core prices in over a decade.

Previous Next