TRIVIA

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

A) 3rd place

B) 6th place

C) 4th place

Answer:

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