TRIVIA

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

A) 3rd place

B) 6th place

C) 4th place

Response:

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