Chile's consumer prices rose 0.5% in November, a smaller increase than in October as the South American country tries to tame inflation that has been overshooting a target range amid a faster-than-expected economic recovery.
Chile, the world's top copper producer, saw exports of the red metal soar over 35% to $4.92 billion in November, the Andean country's central bank said on Tuesday, bolstered by strong global prices of the metal.
Latin American trade should rise 25% in 2021, due mostly to higher commodity prices, although future performance depends on the evolution of the coronavirus pandemic and its impact the global economy, a United Nations commission said on Tuesday.
Brazil's real and the Chilean peso led gains across Latin American markets on Tuesday as liquidity-boosting measures by China helped support sentiment, while data also showed inflation appeared to be cooling in the two countries.
Indian shares ended more than 1.5% higher on Tuesday, with banking and metal stocks bouncing back from the previous session after fears about the potential severity of the Omicron coronavirus variant eased.