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September CPI Modest Ahead of Expectations

CHILE
  • Chilean CPI (Sep) M/M 0.7% vs. Exp. 0.6% (Prev. 0.1%), Y/Y 5.1% vs. Exp. 5.0% (Prev. 5.3%)
  • CPI Ex Volatile Items (Sep) M/M 0.2% (Prev. -0.1%), Y/Y 6.6% (Prev. 7.4%)
  • A modest upside surprise for Chilean Sept CPI, with headline beating by 0.1ppts on both M/M and Y/Y. Nonetheless, another notable step-down in core Y/Y to 6.6% from 7.4% - that's another notable decline, albeit a slower pace of disinflation relative to the prior month (that saw core CPI Y/Y slow by 1.1ppts to 7.4%).

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