07.12.201715:04:00UTC+00CHILE: Annual Inflation Remains Below The Central Bank Target In November

The annual inflation in Chile in November remained at 1.9%, the same level as in October, said the country's statistics office. As a result, the Chilean inflation remains below the bottom of the country's central bank target, which ranges from 2% to 4% per year.

The rise in the annual inflation rate in November was primarily due to the increase in prices of housing, basic services, food and non-alcoholic beverages, education and restaurants and hotels.

On a monthly basis, consumer prices in Chile rose by 0.1% in November when compared to October. Analysts expected the index to remain stable.

The core inflation in Chile, which excludes food and energy prices, was at 1.8% in November from a year before. On a monthly basis, there was a 0.1% deflation.