Inflation due to external factors will continue to rise and the Government assures that it will moderate during the second half of the year

Inflation will rise by 1% between May and July, according to the latest Survey of Financial Operators, which anticipated interest rates of the order of 9.25% by the Central Bank.
For its part, the Government of the President of the Republic, Gabriel Boric, insist that price increases will moderate from the second half of the year, this as a result of a favorable internal scenario.
One of the projections is that inflation will continue to rise above expectations, managing to moderate by the end of 2022. This is supported by the survey, where projections around inflation were raised, anticipating a CPI of 1.1% in May.
This projection was addressed by the Government through the Minister of Finance, Mario Marcel, who pointed out that the inflation that has been seen in food and fuel is linked to the conflict between Russia and Ukraine.
In conversation with Radio Biobío, the Secretary of State indicated that about half of the current inflation is related to external factors, so it is believed that the internal scenario will begin to subside.
“This domestic component of inflation, which in previous quarters was reflected in very significant growth in domestic demand and consumption, is already moderating significantly,” he said.
On the other hand, Minister Marcel announced that during the coming weeks, the Government will deliver the details of the plan to strengthen the Fuel Price Stabilization Mechanism, since the 750 million dollars that were included is reaching its limit.

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Original source in Spanish