Chile records first price drop in more than two years

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Chile recorded a slight reduction in inflation in February, with a negative value of 0.1%, marking the first decline in consumer prices in more than two years, the National Statistics Institute (INE) reported Wednesday.

INE’s Consumer Price Index registered a monthly decline in February of this year for the first time in 27 months, in a context of inflation and an economic crisis that is hitting the world.

With the result of the second month of the year, inflation in Chile accumulated 0.7% so far this year and 11.9% in 12 months up to February, after . . .

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