A World Economic Forum survey of 24 leading chief economists at the world’s largest banks and multinationals showed that 41% of respondents believe inflation will be “very high” in Latin America by 2022.
In addition to these, another 45% believe that inflation will be “high” and another 14% bet on “moderate inflation”. Data broken down by country was not released.
According to the report, Russia’s war with the invasion of Ukraine has a great influence on rising inflation, especially for some types of products. “The effect of the war is expected to be stronger on oil and gas this year, while food prices could be pressed for longer.”
Outside Latin America, countries like the United States have 38% of respondents believing in very high inflation, 17% in Europe and 4% in China expect these values.
For economists, wages should not keep up with rising inflation. 71% agree that the average income should fall and 19% strongly believe in the expectation of this hypothesis.
In Brazil, inflation has already taken products like meat, milk and oil from the cart of many Brazilians. Understand.