The Fundación Ciudadana por un Consumo Responsable has published a comparative analysis of monthly inflation at the end of 2024 in 19 Latin American and Caribbean countries. The results highlight significant contrasts among the region’s economies, with rates ranging from 2.7% to a surprising -0.99%.
The report highlights the good performance of Ecuador, which recorded the lowest monthly inflation with a figure of -0.99%. It is followed by El Salvador with -0.17%, consolidating its position as one of the countries with the lowest inflationary pressure in the region. These results reflect a favorable economic context for both countries, driven by stabilization policies and efficient price controls on essential goods and services.
Central America as a whole showed a relatively stable outlook. Nicaragua (0.7%), Honduras (0.45%), Guatemala (0.16%), and Panama (0.2%) maintained controlled inflation rates, far from the peaks observed in larger economies such as Jamaica (1.2%). This suggests an adequate management of the economic factors that tend to pressure prices in the markets.
At the opposite extreme, Argentina leads the ranking with the highest monthly price increase, registering inflation of 2.7%. This figure contrasts with the results of countries such as Chile (-0.2%) and Uruguay (0.34%), which also managed to keep their figures under control by the end of the year.
These data allow us to reflect on the diversity of economic contexts in the region and highlight the efforts of some nations, such as El Salvador and Ecuador, to maintain low or negative inflation. This behavior represents a relief for consumers at a time when price control continues to be a global challenge.