Already entered the second half of the year 2022, inflation advancing relentlessly in the world and in Latin America is no exception.
(See: How inflation of 10.21% affects the upper, middle and lower classes).
Despite living in environments with high levels of quality of life, Due to particular factors, in many countries of the region inflation continues to register historical records that show no signs of adjusting in the near period.
It is known that Venezuela and Argentina they are by far the countries in the region with the highest inflation rates, due to their macroeconomic problems.
For July, according to the Venezuelan Finance Observatory, the annual cost of living in the neighboring country reached 139%, while for the southern territory, June closed with 60.4% annual inflation.
(See: Inflation of 10.21% in July has already ‘ate’ the rise of the minimum).
Apart from these two exceptional cases, the highest annual rate in the region is Chili, with 12.50% for June. follow him Brazil (11.85% as of the sixth month of the year) and Paraguay (11.10%, July).
Recently, Colombia he also joined the double-digit club, at 10.21% for July.
(See: Inflation in Colombia returned to double digits after more than 22 years).
Ecuador and Bolivia with annual rates of 3.86% and 2.04%, respectively, they are the countries with the lowest figures in the region.
“In the vast majority of Latin American countries we expect the inflationary peak to occur in October and by the end of the year we expect a slight drop in inflation”, said Munir Jalil, chief economist of BTG Pactual Andean Region.
(See: The sectors that drove inflation in July in Colombia).
ROBERTO CASAS LUGO
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