Latin America & Caribbean inflation rate for 2023 was 4.63%, a 3.15% decline from 2022.
Latin America & Caribbean inflation rate for 2022 was 7.78%, a 4.29% increase from 2021.
Latin America & Caribbean inflation rate for 2021 was 3.50%, a 2.5% increase from 2020.
Latin America & Caribbean inflation rate for 2020 was 0.99%, a 1.26% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.