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There is a consensus among economists that Chilean inflation is mainly caused by endogenous factors, especially the aggressive expansionary policies during the COVID-19 pandemic and the massive withdrawals from pension funds. Economists have also predicted a possible recession by 2023 due to high interest rates to combat inflation. [200] [201]
For the 12 months ending in January, inflation amounted to 7.5% — the fastest year-over-year pace since 1982 — the Labor Department said Thursday. Consumers felt the price squeeze in everyday ...
Used car and truck prices are up 31% over the previous year. AP Photo/David ZalubowskiConsumer prices jumped 6.8% in November 2021 from a year earlier – the fastest rate of increase since 1982 ...
Inflation's relentless surge didn't merely persist in June. It accelerated. Here's why.
All sectors received support during the COVID-19 crisis, primarily through subsidies. In 2022, energy-intensive Industries had the highest share of firms (22%) still receiving support. [62] Energy-intensive industries and renewables saw the strongest recovery post-pandemic, with sales increased by 76% and 72%, from 2020 to 2021.
Due to the COVID-19 pandemic, Congress and President Trump enacted the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 18, 2020. The Congressional Budget Office estimated that the budget deficit for fiscal year 2020 would increase to $3.3 trillion or 16% GDP, more than triple that of 2019 and the largest ...
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Noticeably, the Inflation rate during the last quarter of 2019 and the first half of 2020 had the largest increase, consisting of around a 2.7% increase on the low end with a 3.1% at the high end. [ 317 ] However, for the rest of the months that followed, inflation remained at around 1% and 1.7% for the rest of 2020; following the consistency ...