President Nicolas Maduro says the move will protect jobs and incomes. Critics say it may worsen the crisis. The International Monetary Fund says inflation will reach 1,600% this year.
Inflation is so bad here, that the Central Bank stopped publishing its consumer price index for more than a year. They only resumed regular publication months ago. And when it resumed, it was bad news.
Uruguay consumer prices rise at fastest pace in 12 Years, getting inflation accelerated to 10.23% in February as peso weakens
Rising inflation in the US could signify that the high appreciation the Dollar has been enjoying could soon be coming to an end.
Three leading Latin America economic experts foresee zero growth in 2016. Central America and Mexico will do better than South America this year and Venezuela is likely to reach potentially “explosive” 500 percent inflation rate
In nations such as Brazil, Colombia, Mexico, Ecuador and Bolivia, the average minimum wage will be USD $355 per month for 2018
Why is inflation increasing? How are central banks responding? We analyzed consumer price dynamics in selected LatAm countries.
Buenos Aires residents struggle to put food on the table as lifting of energy subsidies prompts jump in consumer prices.
Data shows the little civilian support that organized crime has
The decision follows the conviction that gradually “we will have a substantial improvement in the economy, with inflation trending lower”