Rising inflation still stalks major Latin American economies
Tighter monetary policy in Brazil, Chile and Mexico is failing to bring inflation down
Inflation continues to rise in Latin America’s main economies despite the tighter monetary policy central banks are implementing in the region.
Sharply higher interest rates are hampering growth. Meanwhile, the faster tightening process recently adopted by the US Federal Reserve, as well as higher commodity prices resulting from the Russian invasion of Ukraine, are adding new challenges to efforts to recover price stability in the region.
In June, inflation rose year on year by 11.9% in Brazil
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