Chile's consumer price index held steady in June, defying market consensus that called for a monthly decline.
The flat reading stands in contrast to the broader annual trend, where inflation accelerated to levels significantly above the central bank's target range.
The divergence between monthly stability and annual acceleration presents a complex picture for policymakers.
While the lack of new monthly price pressure might suggest easing momentum, the rising year-on-year rate indicates that underlying inflationary forces remain entrenched.
This dynamic limits the room for aggressive monetary easing in the near term.
The data comes as Chile's equity market has shown resilience, with the benchmark IPSA index posting gains in late June supported by rebounding copper prices.