Reuters: US Dollar Report: WRAPUP 1-Chile CPI up for 1st time since April, trade gap widens

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WRAPUP 1-Chile CPI up for 1st time since April, trade gap widens Sep 7th 2012, 12:05 Fri Sep 7, 2012 8:05am EDT * August CPI +0.2 pct, slightly below forecast 0.3 pct * Chile trade deficit widens as copper revenue falls * World No.1 copper producer Chile bracing for slowdown SANTIAGO, Sept 7 (Reuters) - Chile's consumer price index rose in August, the first monthly increase since April, the government said on Friday, stoked by costlier prices for foods and beverages, rent, utilities and fuel. The CPI posted a 0.2 percent increase in August. It was unchanged in July, fell in June and was also unchanged in May, government statistics agency INE said. August's CPI gain was a whisker below a 0.3 percent rise forecast in a Reuters poll. Core CPI fell 0.2 percent in August, and inflation in the 12 months to August was 2.6 percent, just below the central bank's 3 percent policy target. World top copper producer Chile posted a trade deficit of $843 million in August, widening from a $95 million deficit in July and in contrast with a previously reported $490.7 million surplus in August 2011, the central bank said separately on Friday. Exports totaled about $5.886 billion in August, while imports were about $6.728 billion. Copper export revenue totaled $2.955 billion in August, shrinking from a previously reported $3.281 billion in July, the bank said. Link this Share this Digg this Email Reprints

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