In Chile, even beloved hot dogs feel the economic squeeze
SANTIAGO, Chile (AP) — It is lunchtime in downtown Santiago, and dozens of businesses around the Plaza de Armas are serving up one of Chile’s most democratic specialties: the “completo.”
In Santiago, Chile, even the beloved hot dogs known as "completos" are feeling the economic squeeze as the country grapples with a looming recession. Once a staple enjoyed by people of all social classes, the cost of a completo has risen from 2,500 pesos ($2.60) to 3,500 or 4,000 pesos ($3.60 or $4.10). As inflation soars to 4.1% in the past year, many Chileans are finding it harder to afford even basic snacks.
The Central Bank has even cut its growth forecast for 2026, from 1%–1.75% to 0.25%–0.75%, warning that the current economic weakness may continue longer than anticipated. Unemployment has risen to 9.5% and the monthly basic food basket now costs nearly $100, up 5% from a year earlier. Despite President Kast's efforts to boost investment and employment, the disconnect between wages and rising prices is leading to frustration among Chileans.
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Also reported by 1 other outlet
- In Chile, even beloved hot dogs feel the economic squeeze winnipegfreepress.com
