As of July, Bolivia registers the lowest inflation rate in the region

5

According to data from the Ministry of Economy, the country is in the last box in South America with 1.2%. Venezuela is first with 121.3%.

Bolivia has the lowest inflation rate in the region as of July this year, with an index of 1.2%, according to a document prepared by the Ministry of Economy and Finance with data from the National Institute of Statistics (INE) and the central banks of each country.

The document, which La Razón accessed , shows that the country ranks last in South America. The list is headed by Venezuela, which as of July registered inflation of 121.3%, the highest in the region.

Argentina is next on the list with 60.2%. Colombia is in the third box with an index of 6.7%; Starting from fourth place, all countries present similar figures, Uruguay appears with 3.4%, Peru with 3.2%, Brazil with 3%, Chile with 2.5% and Paraguay with 2.2%.

Ecuador with 1.4% and Bolivia with 1.2% are the nations with the lowest inflation rate.

According to figures from the INE, the Consumer Price Index (CPI) registered 0.37% in July. While the accumulated rate as of the seventh month of the year is 1.16%.

In this regard, the Minister of Development Planning, Sergio Cusicanqui, announced last August that the country had the lowest inflation rate in the region.

Inflation

“There are high inflation rates in the world economy. In 2022 the world had inflation around 9% and in Latin America it was close to 14.7% and in 2023 the average in Latin America would be 12%. And Bolivia stands out with one of the lowest in the region in 2022 and 2023, ”he said.

On several occasions, President Luis Arce also highlighted that Bolivia has one of the lowest price figures despite the adverse international context.

The Minister of Economy, Marcelo Montenegro, explained the same on several occasions, even stressing that the country should be among the economies with the lowest inflation worldwide.

Last year, Bolivia closed with the lowest inflation in the region, reaching 3.12%, which was within the Government’s projections.

Likewise, in its latest report, the International Monetary Fund (IMF) indicated that the general level of world inflation is expected to fall from 8.7% in 2022 to 6.8% in 2023, and 5.2% in 2024.

Source: La-Razon