Bloomberg mentions withdrawal from state aid such as AFP and IFE, identifying inflation surges in Chile after “billion dollar stimulus”, plus external factors pushing up commodity prices. Joined the.
Apart from the cases in Venezuela and Argentina Chile is Latin America’s second-highest cumulative inflation country With data as of May 2022.
At the moment, in the first place Brazil Consumer price index is 11.7% year-on-year.
On the other hand, Chile 11.5% Cumulative inflation up to 12 months until May of this year.
Bloomberg emphasized rising living costs in the country “Billions of dollars in stimulus” Withdrawal from AFP and mentioning state aid such as IFE, added external factors pushing up the price of basic products.
Paraguay is in third place, with publications designated, at 11.4%. This is followed by Nicaragua (10.61%), Dominican Republic (9.47%), Uruguay (9.37%) and Honduras (9.09%).
In contrast, Bolivia and Ecuador show the lowest inflation levels in the region. (1.41% and 3.38%, respectively).
Now, including the cases of Venezuela and Argentina, Bloomberg says he is “accustomed” to living in rising inflation. Brazil and Chile are ranked 3rd and 4th in the regional rankings.
Trans-Andean countries have accumulated 60.7% year-on-year inflation. The best in 30 years. Meanwhile, Venezuela-I was able to get out of hyperinflation- It increased by 167% in May.
Venezuela has broken out of the hyperinflationary cycle since 2017 and has accumulated 12 consecutive months below 50% inflation. Inflation increased 686.4% in 2021 to 2,959.8% in 2020.
