Paraguay Tops Inflation List

Paraguay’s first-quarter inflation this year was the highest rate in Latin America, according to figures published by La Nación newspaper in Argentina. As of the end of last month, Paraguay’s inflation registered 4%, against Chile’s rate of 0.6% (the lowest in the region). Neighboring Argentina came in second in the ranking, with 2.9% inflation; however, the country is also experiencing high growth rates. Completing the top three places is another Mercosur country: Uruguay, which recorded first-quarter inflation of 2.4%. In contrast and despite political upheaval, Ecuador witnessed inflation of 1.8%, Peru of 1.5% and Brazil of 1.4%.