Chile's austerity under Kast drives record unemployment amid 4.1% inflation

Chile's cost of living rose 4.1% year-on-year in July, driven by fuel price hikes in an import-dependent economy, while record unemployment persists under President Kast's austerity policies. The combination of austerity and inflation suggests stagflationary pressures, raising questions about the sustainability of the policy mix and potential social unrest.