INSUBCONTINENT EXCLUSIVE:
Bolivia faces an unexpected economic challenge as inflation reaches 7.26% by October 2024
The National Statistics Institute (INE) released these concerning numbers on Thursday.Planning Minister Sergio Cusicanqui addressed the
issue in a press conference
He pointed to recent political unrest as a major factor
Supporters of former President Evo Morales blocked roads for 24 days
This action disrupted food distribution and basic goods across the country.October saw a monthly inflation rate of 1.64%
This sharp increase pushed the year-to-date figure to 7.26%
It interrupted the transport of goods between eastern and western Bolivia
(Photo Internet reproduction)The INE provided a breakdown of the October Consumer Price Index (CPI)
Food and non-alcoholic beverages saw significant price hikes
Other affected categories included various goods and services, healthcare, and dining out.Clothing, footwear, and alcoholic beverages also
Furniture, household services, transportation, and recreation saw price increases too
current situation highlights the delicate balance between political actions and economic stability
Policymakers face the task of stabilizing prices while addressing underlying political tensions.This situation serves as a reminder of the
complex interplay between politics and economics
It underscores the importance of social stability for maintaining economic health.
