Chile's Rent Unit (UF) Rises 0.6% Following August Inflation
1 report, 1 independent
Updated 00:00
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What happened
The Unidad de Fomento (UF), Chile's inflation-indexed unit, rose by about 0.6%. The tax authority, SII, reported that the UF increased from 40,893.78 pesos on September 10 to 41,130.94 pesos on October 9. This movement is based on the consumer prices reported for August.
From riotimesonline.com
Why it matters
The UF is used by landlords, banks, and home sellers in Chile to price assets and rents. Since the UF rises with inflation, this change means that peso-denominated rents and mortgages adjust daily.
From riotimesonline.com
Who's involved
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The entities involved
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Chile
country in South America and Oceania, with a claim in Antarctica
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SII
Czech company
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