March CPI confirms fall in inflation
With a Consumer Price Index (CPI) rise of 0.4% in March, an annual inflation rate of 3.7% has been recorded, much lower than the 9.4% rate when President Boric took office.
The Consumer Price Index (CPI) for March was released this Monday. It registered a positive variation of 0.4% according to the National Statistics Institute.
With a CPI rise of 0.4% in March, an annual inflation rate of 3.7% has been recorded, much lower than the 9.4% rate when President Boric took office.
This is one more sign that the path the Government has charted towards growth and the normalization of the economy is the correct one.
Decrease in food and alcoholic beverage prices
Four of the thirteen categories that make up the CPI basket contributed negative incidences to the index’s monthly variation, and nine presented positive incidences.
For the March CPI, the decrease in food and non-alcoholic beverage prices and the increases in education, housing and basic services stood out.
Among the categories that registered monthly price decreases, food and non-alcoholic beverages stood out (-0.9%), with an incidence of -0.200 percentage points (pp).
Among the categories that showed price increases, education (5.4%) stood out with 0.227pp, as well as housing and basic services (0.8%), with 0.137pp.
The remaining categories together contributed 0.258pp.