Why is Chile more expensive than other South American countries?

Chile tends to be more expensive than other South American countries due to its stable and developed economy, which has led to a higher cost of living. Factors such as higher wages, better infrastructure, and a strong regulatory environment contribute to increased costs. The country has a relatively high level of economic growth and development, attracting foreign investment and boosting demand for goods and services. Additionally, Chile’s geography and reliance on imports for various goods, along with its focus on exporting natural resources like copper, influence prices. The strong Chilean peso compared to other regional currencies also makes goods and services more expensive for visitors and expatriates.