TRIVIA

Inflation has returned to our lives, to the point that in Chile, the Central Bank aggressively raised the benchmark interest rate to cool down the economy. Where does Chile rank among the six major Latin American economies (Argentina, Brazil, Colombia, Mexico, and Peru, in addition to Chile) on the list of those with the highest annual inflation as of July of this year?

A) 3rd place

B) 6th place

C) 4th place

Answer:

C – Fourth place. With an annualized increase in its price index of 4.5% as of July, inflation in Chile was higher than that of Colombia and Peru. All of these economies, however, have seen their prices rise this year well above the targets set by their central banks.