Economics
Inflation in Full Retreat Means Latin America Can Boost Stimulus
- Brazil, Chile, Colombia recorded deflation last month
- Price pressure still weak despite wave of interest rate cuts
People wearing protective masks walk through downtown Sao Paulo, Brazil, on June 10.
Photographer: Patricia Monteiro/BloombergThis article is for subscribers only.
Inflation is in retreat across Latin America, creating space for policy makers to provide even more stimulus for their crashing economies.
In a region with a history of out-of-control inflation, consumer prices fell last month in several major economies as the coronavirus pandemic crushed demand.