Macroeconomic Forecast Chile

Chile consumer price inflation ticked up to 3.3% y-o-y in September, from 3.2% y-o-y in August. September's figure is in line with our end-2011 inflation forecast of 3.3% y-o-y, and while the recent uptick reflects a still-tight labour market and strong domestic demand dynamics we do not expect these inflationary pressures to concern Chilean monetary authorities, in particular as growing global headwinds continue to gather

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