Índice de Precios al Consumidor (IPC) is the

consumer price index A consumer price index (CPI) is a statistical estimate of the level of prices of goods and services bought for consumption purposes by households. It is calculated as the weighted average price of a market basket of Goods, consumer goods and ...

calculated by the National Statistics Institute (INE) of Chile. It is a measure of the

cost of living The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured in a cost-of-living index. Cost of living calculations are also used to compare t ...

in Chile. The INE holds contacts journalists by phone the first week of each month to let them know the IPC of the last month.¿Qué es y para qué sirve el IPC?
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References

Economy of Chile Price indices {{macroeconomics-stub