Bolivia's Inflation Soars to 35-Year High Amidst Blockades

Bolivia Faces Unprecedented Inflation: INE Director Links Crisis to Blockades LA PAZ, BOLIVIA – Bolivia is grappling with a surge in inflation, reaching levels unseen in over three decades. Humberto Arandia, director of the National Institute of Statistics (INE), recently expressed deep concern over the situation, particularly the impact on food security. The accumulated inflation for the year has reached a staggering 9.58%, according to government figures. "Since November 1990, we haven't faced inflation like this," Arandia stated in a recent interview with Red Uno. He directly attributed the crisis to widespread road blockades across the country, disrupting supply chains and leading to significant product shortages. This has, in turn, fueled a sharp increase in prices for essential goods, such as chicken and beef, with some seeing price increases over 50%. The government is under immense pressure to address the crisis, with concerns growing about the potential for further social unrest and economic instability. The situation underscores the fragility of Bolivia's economy and the urgent need for effective solutions to mitigate the impact on its citizens.