Estimates fell short again. While the market forecast for October a CPI of around 0.9%, the index soared 1.3 points, accumulating an inflation of 5.8% so far this year and 6% in twelve months. Direct consequence will be evidenced by the Development Unit (UF), which will go up $ 396 in a month, approaching the $ 31 thousand.
“That we have 6% inflation in twelve months means that purchasing power has deteriorated by that 6%,” explains Esteban Carrasco, director of Commercial Engineering at the San Sebastian University.
“People must already be experiencing the impact. The same budget is enough for less things, for example when going to the supermarket, when loading the car with fuel, among others ”.
Dividends and credits
The academic also details that “dividends, those contracts that are in UF, will continue to rise.” “It is possible that there will be a restriction on access to mortgage loans,” he adds, since the Central Bank could raise the interest rate earlier than expected in order to curb inflation. “
According to the National Institute of Statistics (INE), seven of the twelve divisions that make up the CPI basket contributed positive impacts on the monthly variation of the index, four negative impacts and one had zero incidence.
Among the sectors with increases in their prices, they stood out transport (3.9%) and recreation and culture (7.8%). This could cause that, the higher demand during the summer, going on vacation is also more expensive.