Bolivia reported inflation of 3 percent through November of this year, which is one of the lowest rates in the world, Bolivian Minister of Economy and Public Finance, Marcelo Mali, assured this Tuesday.
“Unlike other countries, Bolivia maintained price stability thanks to various policies that are subject to and implemented within the framework of the Social Community Productive Economic Model, such as fuel subsidies and some strategic foods,” he said at a press conference.
Montenegro attributed the control of inflation to the developing policies of the Bolivian economic model to maintain price stability in various products for the population, regardless of the complex world context.
According to the state-owned National Institute of Statistics (INE), Bolivia maintained a controlled inflation of 3 percent between January and November 2022 and predicted that this macroeconomic indicator would end the year within the projection of the fiscal agreement.
Although inflation was high in November, this indicator remains below 3.3 percent, the percentage set by the government and the Central Bank of Bolivia (BCB) earlier this year.
According to a report by the Ministry of Economy, inflation in Argentina reached 85.3 percent in November; 13.3 percent in Chile; 12.5 percent in Colombia; 8.5 percent in Uruguay; 8.45 percent in Peru; 8.3 percent in Paraguay; and 5.9 percent in Brazil.
In addition, inflation exceeded 10 percent in several European countries, such as Germany, Belgium, Italy, Spain and France.
