Inflation reached 0.9% in August

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SANTIAGO.- The Consumer Price Index (CPI) for August registered a monthly variation of 0.9%, reaching a cumulative inflation rate of 6.5% for the first eight months of the year.

As was reported by the National Institute of Statistics (INE), the inflation registered over the past 12 months is equivalent 9.3%.

The market forecast for the eighth month of year was accurate, at 0.9%.

According to the information imparted today, the UF monetary unit has also risen significantly this month, and is expected to reach $21,044.83 pesos by October 9th, representing a $224.48 pesos increase with respect to today's price.

The core CPI reached 0.7% in August, part of a cumulative increase of 9.0% in the last 12 months. Within this index, fuels registered a rise of 3.8%.

Fresh produce showed a regression of 1.4%, with a cumulative 12 month increase of 9.0%.

Another significant rise was observed in the category of Others at 2.7%, occasioned by the increase in the price of cigarettes by 3.8%.

The Housing category went up by 1.4%, with significant increases in the subgroups of Basic Services (2.5%) and Communications (1.8%).