Chile | March’s CPI increased 0.6% MoM, below market expectations

Summary

CPI increased 0.6% MoM in March (+4.2% YoY), below both our expectations and those of the market (at +0.8% MoM). As expected, the print was driven by positives contributions from Education (+0.41%). Also, the measure that excludes foods and energy increased 0.7% MoM (+4.6% YoY). All in all, we still forecast annual CPI inflation below 3% for 2015 eop.

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