Consumer prices drop in Chile for first time in almost two years
by Maria Giulia Agostini

The Santiago Times    Translate This Article
6 July 2012

On 6 July 2012 The Santiago Times reported: Inflation projections for 2012 fell on 6 July after a study by the National Institute of Statistics (INE) indicated a drop in consumer prices in June. This is the first negative variation the index has recorded in 22 months, and its highest negative variation since December 2009. 'This is good news for all the Chileans, especially those who belong to lower income sectors,' Economy Minister Pablo Longueira said. 'For the fourth month in a row, consumer price index (CPI) figures are lower than the projections and it is the first decrease in almost two years.' Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

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