According to Oxford Economics, Latin American countries will be at the forefront of emerging markets in terms of slowing inflation next year.
Output price pressures in the region will drop “like a rock”, the center said.
“Global commodity price inflation is falling and by mid-2023, we expect double-digit declines in annual import price inflation,” Gabriel Sterne, head of global emerging markets research at the firm, wrote in a note published by on tuesday.
Latin America “will lead the way. Average annual import price inflation is already down to 6%.”
Since Latin American countries usually do not subsidize food as much as their own countries. . .
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