The Falkland Islands inflation during the last decade, on average has been below 4% annually. This however does not mean the Falklands are not vulnerable to the volatility of world energy and food prices.
According to the International Monetary Fund (IMF), inflation in Latin America's leading economies has reached its highest levels in 15 years. The finance agency Friday reported that these results were the consequence of the “impact on the pandemic and the war between Russia and Ukraine.”
United Kingdom inflation accelerated to 7% in the 12 months through March, the highest annual rate since March 1992, the Office for National Statistics said. A day before the United States US Labor Department said that its consumer price index jumped 8.5% last month.
Argentina's Central Bank (BCRA) has adjusted the basic interest rate by 250 basis points to 47% per annum in nominal terms in a move to counter the effects of rampant inflation.
Brazilian economic authorities have last week disclosed the monthly inflation for March of 2022: It was 1.62%, the highest for the same period in the last 28 years, making the year-on-year accumulation reach 11.30%, way above expectations.
For a month that began under one president and finished under the new one, Chile's inflation for March of 2022 reached 1.9%, slightly above market projections of up to 1.4%.
Argentine labor unions are negotiating wage adjustments of around 60% in an attempt to outpace the country's rampant inflation, it was reported in Buenos Aires.
Venezuela's economic authorities have reported one-digit monthly inflation once again for a country that had grown accustomed to astronomic figures. However, independent observers consider this data to be absurd.
The International Monetary Fund (IMF) has issued a recommendation to the Government of Paraguay IMF to keep an eye on inflation and move forward with structural reforms in addition to improving State spending.
The Inter-American Development Bank (IDB) said Monday that Russia's invasion of Ukraine and the threat it poses to food security may be an opportunity for large Latin American exporters, such as Argentina and Brazil due to the disruption in the global supply chains.