Chile's Jobless Rate Drops Unexpectedly

Chile's jobless rate dropped unexpectedly in the three months through June from the previous period.

The jobless rate dropped to 8.5% in the three months ended in June from 8.8% in the three months ended in May, a report by the National Institute of Statistics showed on Friday. Economists had expected a rate of 8.9%.

Chile's annual inflation rate eased in June. The consumer price inflation eased to 1.2% from 1.5% in the previous month. The central bank had hiked its benchmark lending rate for the second straight month, with the country's economy rebounding at a faster than expected pace. The bank raised its key rate by 50 basis points to 1.50% on mid-July.

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Published: 2010-07-31 02:10:00 UTC+00 1 year, 6 months, 1 week, 2 days, 19 hours, 33 min. ago

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