Why does the war in the Middle East continue to trigger inflation in Latin American countries?
In Mexico, the change in the Consumer Price Index accelerated for the third consecutive month in September to 3.5%; in Chile it jumped to 4.1% per year, driven by transport; and Colombia reported a new rise to 6.3% per year. They all agree that price peaks are an indirect consequence of the conflict in the Middle East and its impact on fuel prices.
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Why does the war in the Middle East continue to trigger inflation in Latin American countries? — Image credit: France 24 (Español)
In Mexico, the change in the Consumer Price Index accelerated for the third consecutive month in September to 3.5%; in Chile it jumped to 4.1% per year, driven by transport; and Colombia reported a new rise to 6.3% per year. They all agree that price peaks are an indirect consequence of the conflict in the Middle East and its impact on fuel prices.