Chile’s $117 Million Snafu Sends Inflation Expectations Lower
Chile’s $117 Million Snafu Sends Inflation Expectations Lower
Over-zealous officials in Chile have admitted they double counted inflation when setting electricity rates. That confession sent price-growth expectations for a year ahead below the target 3%, and led the energy minister to lose his job.
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(Bloomberg) — Over-zealous officials in Chile have admitted they double counted inflation when setting electricity rates. That confession sent price-growth expectations for a year ahead below the target 3%, and led the energy minister to lose his job.
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