According to the INE report, “in the seventh month of the year, ten of the twelve divisions that make up the CPI basket contributed positive incidences in the monthly variation of the index, one presented a negative incidence and one registered no incidence”.
The increase was influenced mainly by increases in transportation (3.4%), food and non-alcoholic beverages (1.9%). Transportation also had the highest increase, where fuel and lubricants for personal transportation vehicles are the most important (4.6%).
Meanwhile, food and non-alcoholic beverages follow, highlighting meat (3.1%) and fruit (5.1%).
In addition, in July the intercity bus transport service and electricity increased, which registered an increase of 14.4% and 3.7% respectively. In contrast, clothing (-2.7%) and footwear (-2.7%) stood out among the main decreases.
Inflation in Chile began to rise as a result of the withdrawal of money from pension funds and State aid during the pandemic, in the administration of Sebastián Piñera, as well as by more recent external factors such as the economic consequences of Russia’s invasion of Ukraine.
It should be remembered that the Piñera government also created different bonuses and aid to alleviate the economic consequences caused by the pandemic, such as the Emergency Family Income (IFE) and the Labor IFE, among others.
Source: Ambito
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