Inflation in Latin America is growing at its fastest pace in over 20 years. Already in 2021, inflation had doubled to reach 6.6% – a level comparable to the financial crisis of 2008. In 2022, inflation projections are even higher and should come in at some 8 to 10%. So which countries have witnessed the largest price increases? What are some of their drivers? And what are monetary authorities doing to contain them?
