Chile Central Bank Lifts Inflation Forecast To 2.8%

Chile’s Central Bank has raised its inflation forecast for the year from 2.3% to 2.8%, saying higher food and gas prices will push up prices more than expected. The bank’s target this year is 3%, plus or minus 1 percentage point. The bank’s monetary committee also raised core inflation forecasts, from 2.6% in January to 2.7%.