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Chile to close year with high inflation rate

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Chile to close year with high inflation rate

Santiago, Chile, Sep 8 (Prensa Latina) Inflation in Chile is will close at 12 percent this year, nearly 2 percent higher than June's estimates, the Central Bank informed recently.

In its September Monetary Policy Report, the financial institution pointed out that this high indicator has serious effects on the income and expectations of the different economic agents.

Food accounted for almost one third of the price increase until July.

The Central Bank forecast that inflation will remain high also throughout 2023 and will only start decreasing in early 2024.

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