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Chile: Inflation falls to lowest level since November 2024 in May
Latest reading: Inflation came in at 4.4% in May, down from April’s 4.5%. May’s result represented the lowest inflation rate since November 2024 but was above the Central Bank’s 2.0–4.0% target range. Price pressures eased in most subsectors in May, with transport prices in particular swinging into contraction.
The trend was unchanged, with annual average inflation coming in at April’s 4.5% in May. Meanwhile, core inflation was at April’s 3.7% in May.
Lastly, consumer prices rose 0.19% in May over the previous month, unchanged from April’s reading. May’s result marked the weakest reading since December 2024.
