During the first quarter of 2019, Chilean GDP decelerated by 1.32 p.p. its year-over-year growth, to a rate of 1.95%. This performance was mainly due to internal demand, after registering a slowdown of 1.37 p.p. its year-over-year growth, to a rate of 2.94%. In the labor market, the unemployment rate decreased by 0.14 p.p. from the previous quarter to 6.79%, while the year-over-year rate of employment creation accelerated by 0.01 p.p. to 0.75%. Inflation stood at 2.30% after decelerating by 0.47 p.p. compared to 4Q18. The Chilean peso appreciated against the US dollar, to an average exchange rate of 667.01 $CLP/USD in 1Q19.
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