Bolivia Faces Unprecedented Inflation: Economist Warns of 30% Annual Rate

La Paz, Bolivia - Bolivia is grappling with a significant surge in inflation, with the latest figures from the National Institute of Statistics (INE) revealing an unprecedented monthly inflation rate exceeding 5% for June. This marks a concerning escalation in the cost of living for Bolivian citizens.Economist Jorge Akamine expressed grave concerns regarding the current economic trajectory. In an interview, Akamine warned that if the prevailing inflationary trend continues unchecked, the cumulative annual inflation rate could potentially soar past 30% by the end of the year. This projection significantly exceeds the government's earlier forecast of 7-8% for the same period.Akamine attributed the rising prices primarily to increased costs across various sectors and a greater circulation of currency within the economy. He emphasized that the impact of these rising costs is palpable for consumers during their daily purchases at markets. While acknowledging recent blockades, Akamine stated that these alone cannot be solely blamed for the current high inflation, suggesting deeper underlying economic issues. The situation underscores the urgent need for effective economic policies to stabilize prices and mitigate the impact on households.

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Economía I La inflación en Bolivia sigue escalando. Según el INE, la inflación …

Economía I La inflación en Bolivia sigue escalando. Según el INE, la inflación de junio fue superior al 5%, una cifra sin precedentes. El economista …