Inflation in Chile saw a significant slowdown in September 2024, with the annual rate dropping to 4.1%, signaling relief from previous inflationary pressures.
Consumer prices rose by only 0.1% on a monthly basis, a stark contrast to the 0.3% increase recorded in August, indicating a trend of easing price pressures.
Producer prices increased by 9% year-on-year in August, the lowest in five months, driven by falling costs in key sectors like mining and manufacturing.
The decline in inflation places the rate slightly above the Central Bank’s target, giving it more room to resume interest rate cuts for economic recovery.
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