Chile inflation cools to 0.5% in November, stats agency says

Chile's consumer prices rose 0.5% in November, sharply slower than the rate a month earlier as the South American nation looks to tame inflation that has been overshooting the target range amid a faster-than-expected economic recovery.

The rise, announced by Chile's official statistics agency, was slightly ahead of analyst forecasts of a 0.45% increase for the penultimate month of the year in the world's top copper-producing country. Inflation in October had been 1.3%.

 

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