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Chile March Inflation hits 1% as Fuel Shock arrives
Chile’s CPI rose 1.0% in March — above the 0.8-0.9% market consensus — driven by gasoline prices jumping 8.2% and diesel surging 12.8% after the government ended the MEPCO fuel subsidy. Annual inflation rose to 2.8% from 2.4% in February, reversing four months of decline that had taken it below the central bank’s 3% target for the first time in five years [...]