According to Oxford Economics, Latin American countries will be at the forefront of emerging markets regarding inflation deceleration next year.
Producer price pressures in the region will fall "like a stone," the center said.
"Global commodity price inflation is falling, and by mid-2023, we expect double-digit declines in annual import price inflation," Gabriel Sterne, head of global emerging markets research at the firm, wrote in a note published Tuesday.
Latin America "will lead the way. Median annual import price inflation is already down to 6%.
Since Latin American countries don't typically subsidize food as much as their . . .
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