29 May 2011

LATIN AMERICA: Governments Cope With Soaring Prices.

LATIMES/C.KRAUL


   Many Latin Americans remember dreaded hyperinflation .
   As economies there heat-up...so has inflation...forcing governments to deal with rapid price increases in various ways.
    Brasil, Chile and Peru have raised interest rates.
    Brasil has also tightened loans while Chile is cutting back on government spending.