Publish in Special Reports - Monday, February 11, 2013
Argentines will likely see one of Latin America's worst purchasing power declines this year. Here the Calle Florida street in Buenos Aires. (Photo: Galio)
Peru, here represented by capital Lima, will see the highest purchasing power increase among Latin America's top seven economies. (Photo: PromPeru)
BY LATINVEX STAFF
Latin America is expected to see a 1.5 percent increase in purchasing power this year, according to a Latinvex analysis of forecasts from Mercer, the International Monetary Fund and private sector economists.
While salaries will increase an average of 9 percent in 18 Latin American countries, inflation for the same countries will likely rise by 7.5 percent.
However, there are big differences between countries. Ten countries will grow above the regional average and four will likely see declined purchasing power this year.
Uruguay and Peru will lead the way in net gains, while Argentina and Venezuela are likely to be the biggest losers this year.
Brazil, Latin America’s largest economy, is expected to see a salary increase of ...
Keywords: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela