Damaged cartlidge is a good guess. It is very possible, that it is something called "Costochondritis", which is basically the inflamation of the cartlidge that binds the ribs to the sternum.
Minute movements of the ribs, can cause irretation and inflamation of the chest wall. I get it a lot, but that's because my ribs move around much more than just a little

. If you have been doing a lot of exercises and/or sports and/or other activities that cause you to turn your body in that fashion, it would most definately explain it.
It can at times, be very painfull and extremely irretating, but that's about it. It is not a dangerous or serious problem.
If it becomes too painfull and/or irretating, you can ask your doctor for anti-inflammatories.