Financial Diary – Santiago
The Consumer Price Index (CPI) rose 0.3% in May, the National Institute of Statistics (INE) reported on Friday. in an increase that was slightly above expectations and that increased the 12-month variation with respect to the linked series of the index to 4.1%, in line with what analysts expected.
“Twelve of the thirteen divisions that make up the CPI basket contributed positive impacts to the monthly variation of the index, while one presented negative impacts,” said the INE it's a statement. “The increases in transportation and clothing and footwear stood out, and the decrease in housing and basic services.”
The market expected an advance of 0.2% monthly and 4.1% in the annual series, according to the Bloomberg survey.
Among the divisions with increases in their prices, the increases in transportation (0.6%) stood out with 0.076 percentage points, and clothing and footwear (1.9%), with 0.051%. The remaining divisions contributed, together, 0.192%.
The division that recorded monthly decreases in its prices was housing and basic services (-0.3%), with an incidence of -0.056%.
Gasoline goes up, common expenses and lemons go down
By products, gasoline presented a monthly increase of 2.3%, contributing 0.082pp. to the variation of the general indicator. It thus accumulated 7.6% in the fifth month of the year.
Rent, meanwhile, recorded a monthly increase of 0.4%, while pet food rose 2.6% monthly. On the other hand, food purchased in restaurants, cafes and the like increased 0.5% in May. Regarding the decreases, the 4% monthly drops in common expenses and the 14.1% decrease in the price of lemons stood out.
