Bolivia's Inflation Crisis: Bread Prices Soar in Tarija

Bolivia Faces Inflation Surge: Bread Prices Double in Tarija Bolivia is grappling with a 9.81% accumulated inflation rate, according to the National Institute of Statistics (INE). The impact is most keenly felt in Tarija, where the price of bread has nearly doubled, reaching 2.50 Bolivianos. Economic analyst Martin Moreira attributes this to speculation and the high cost of flour, stating, "The price of flour has reached almost 500 Bolivianos, significantly impacting bread prices." He notes that while the government is trying to control prices, the effects haven't reached all areas equally. The price of oil remains high, further contributing to the cost of living increases. Moreira also points to the rising cost of other goods, such as milk and dairy products, as a result of the increased price of meat. The situation underscores the challenges Bolivia faces in managing inflation and ensuring affordable food for its citizens. The government's efforts to control prices, including the disbursement of 6 million Bolivianos, are ongoing.