According to a report released Sunday by Bolivia's National Statistics Institute (INE), the South American country's inflation last year stood at 9.97% amid poor weather, social conflicts, and road blockades that deteriorated the economy considerably. INE Director Humberto Arandia also pointed out that the 2024 figure was the highest in the last 16 years.
Former President Evo Morales' followers mounting road blockades at key locations nationwide resulted in shortages and the subsequent surge in the price of products that the government is now worried about inflation probably spiraling, National Statistics Institute (INE) Director Humberto Arandia admitted Sunday.