Publish in Special Reports - Monday, April 22, 2013
Argentine President Cristina Fernandez de Kirchner is leading the world in inflation. (Photo: Afscar)
Argentina and Venezuela worst in Latin America, El Salvador and Peru best.
BY LATINVEX STAFF
Argentina is likely to have the world’s highest inflation rate this year, surpassing Sudan and Venezuela, according to a Latinvex analysis of projections from the from the International Monetary Fund (IMF) and a survey among Argentines by the Universidad Torcuato Di Tella. (As a result of Argentina’s high inflation rate, the country is expected to see Latin America’s worst purchasing power this year, according to an earlier Latinvex analysis).
Meanwhile, El Salvador and Peru will have the lowest rates in Latin America this year.
All in all, Latin America’s inflation will likely end up at 6.1 percent, the IMF estimates. That’s a slight increase from 6.0 percent last year. That compares with a world average of 3.8 percent and 5 percent in developing Asia.
Nine countries in Latin America are expected to see increases in inflation while ten are expected to see declines.
BRAZIL AND MEXICO: OPPOSITES
Brazil, Latin America’s largest economy, is expected to post an inflation rate of ...
Article keywords: Argentina, Brazil, Chile, Colombia, Dominican Republic, El Salvador, Haiti, Mexico, Panama, Paraguay, Venezuela
Table keywords: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela
Latin America Estimated Inflation 2013
Latin America Inflation 2012