A recent increase in electricity bills has Chile's Central Bank needing to postpone getting the South American country's inflation under control, according to the Monetary Policy Report (IPoM) for June 2024 released Wednesday. The Central Bank's study warned that recent rate adjustments to reach consumers as of next month herald inflation increases escalating towards 2025, due to which the desired 3% goal will not be achieved before 2026, it was explained. The annual variation for this year is forecast to stand at around 3.5% while biennial expectations remained at 3%.
https://en.mercopress.com/2024/06/19/hike-in-electricity-bills-burdening-chile-s-inflation-policy
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