RIO DE JANEIRO, BRAZIL - Inflation continues an upward spiral in Chile, soaring in September to 1.2%, its highest record since 2008 and well above market expectations, the National Statistics Institute (INE) reported Friday (8).
The Consumer Price Index (CPI) has increased by 4.4% year-to-date and 5.3% year-on-year, beyond the Central Bank's tolerance range of between 2% and 4%.
"In the 9th month of the year, all categories that make up the CPI basket contributed positive incidences to the index's monthly variation," INE said in a statement.
Meats (9.2%), tomato (21 . . .