BUENOS AIRES, July 14 (NNN-MERCOPRESS) — Argentina was found to boast the dubious honor of topping the list of Latin American countries with the highest inflation for the ninth month in a row after Friday’s release by the National Institute of Statistics and Census (Indec) of the latest report regarding June’s figures.
The CPI went up 4.6% while all the other countries recorded variations below one digit.
Venezuela was a distant second with a CPI of 1% for a total of 51.4% in the last 12 months, according to data from the Central Bank of Venezuela (BCV). However, the Venezuelan Finance Observatory (OVF) reported figures of 2.4% and 68%, respectively. In the first semester of 2024, the BCV said inflation reached 8.9%.
Brazil showed a monthly variation of 0.39% in the sixth month of 2024, according to the Broad Consumer Price Index (IPCA) released by the Brazilian Institute of Geography and Statistics (IBGE), which also mentioned a 2.52% adjustment in the first semester of 2024.
Uruguay’s monthly inflation in June reached 0.36% from 0.4% the previous month for a yoy 4.96% variation and 3.62% in the first half of 2024.
In Peru, inflation went up 0.12% for a total of 1.57% since January and 2.29% interannually.
Colombia’s National Administrative Department of Statistics (DANE) reported a 0.32% increase in June for an interannual 7.18% adjustment, 4.12% in the first semester alone.
Chile, Paraguay, and Ecuador recorded deflationary figures in June. — NNN-MERCOPRESS
