The Consumer Price Index released by the Instituto Nacional de Estadísticas
is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of CLP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as positive (or bullish) for the CLP, while a low reading is seen as negative (or Bearish).