So far this year, the Index has accumulated a 2.2% increase and 4% in twelve months compared to the linked series.

The National Institute of Statistics (INE) of Chile reported today, Wednesday, that in April 2024, the Consumer Price Index (CPI) recorded a monthly variation of 0.5%, slightly above what the market estimated (0.4 %).

So far this year, the Index has accumulated a 2.2% increase and 4% in twelve months compared to the linked series.

“Eight of the thirteen divisions that make up the CPI basket contributed positive impacts on the monthly variation of the index, three presented negative impacts and two registered no impact,” noted the INE.

Prices

According to the INE, among the divisions with price increases, the increases in food and non-alcoholic beverages stood out (0.7%) with 0.154 percentage points (pp.); and transportation (1.1%), with 0.148 pp.

The remaining divisions contributed, together, with 0.298 pp.

On the other hand, among the divisions that recorded monthly decreases in their prices, clothing and footwear stood out (-1.9%), with an incidence of -0.052 pp.

Products

Gasoline: In April it presented a monthly increase of 3.4%, contributing 0.116 pp. to the variation of the general indicator. It accumulated 5.2% in the fourth month of the year.

New automobiles: Recorded a monthly increase of 1.6%, with an incidence of 0.055 pp., and a variation of 2.8% so far in 2024.

Bread: Registered a monthly increase of 2.2%, with 0.048 pp., accumulating 4.0% so far this year.

Lease: Recorded a growth of 0.5%, with 0.040 pp., accumulating 3.3% in 2024.

International air transport: Reported a monthly decrease of 7%, with an incidence of -0.040 pp., registering a variation of -23.8% so far this year.

Cookies: Registered a monthly decrease of 4.4%, with -0.020 pp., accumulating -3.1% so far in 2024.

Salaries rose

Yesterday, Tuesday, another report from the INE reflected that, given the containment of inflation, salaries in Chile once again showed recoveries.

In detail, in March the Nominal Remuneration Indices (IR) and the Labor Cost Indices (ICMO) registered a twelve-month increase of 6.3% and 5.9%, respectively.

By economic sector, Commerce, Construction and Manufacturing Industry recorded the highest positive annual incidences in both indicators.

The Real Remuneration Index - which measures the evolution of remunerations adjusted by the monthly variation of the Consumer Price Index (CPI) - grew 2.4% in twelve months, accumulating a variation of 0.2% so far this year. anus.