Chile's Minister of Finance declared "Good news for Chileans," meaning that there was a .5% drop in consumer price index this means, "greater purchasing power and greater income," according to the Minister.
Chile has a pretty free economy which was ranked the 7th freest economy in the Index of Freedom in 2013. The countries economy seem to be doing better than last year; growth in business and investment freedoms has helped increase the economy. Chile also has the highest economic and investment freedom in South and Central America. In 2010 Saul Pinera Chile's current president raised taxes intervened to stop the construction of a coal-fired electric plant that had already cleared all regulatory hurdles. (Chiles Economy:Population Growth...) Chile is also the world's main exporter of copper that helps tthe economy. Chile is very opened to exporting; it also exports fruit, wine, minerals and wood. I will post the link below because it expains better the export economy of Chile than I would ever be able to.
http://www.heritage.org/index/country/chile
http://www.ilovechile.cl/2013/05/09/larran-weighs-chile-cpi-drop-good-news-chileans/85594
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