LatinNews Daily - 06 January 2023

In brief: Honduras’s inflation slows

*Honduras’s central bank (BCH) has released new figures which show that in December 2022, monthly inflation was 0.37%, less than the 0.98% registered in November. This brings the annual rate to 9.80%, down from 10.44% in November and the lowest annual rate since May when it was 9.09%. According to the BCH, the lower rate of inflation owed mainly to consecutive reductions in domestic prices of fuel for vehicular and domestic use as well as lower increases in the prices of some food and drink and items for health care. The BCH also highlighted measures taken by the Honduran government led by President Xiomara Castro aimed at helping reduce the surge in price increases and impact on consumers. The BCH estimates that monetary policy measures have contributed to reducing inflation by 1.63 percentage points while it estimates that fiscal policy - through electricity and fuel subsidies – reduced inflation by 1.22 percentage points, resulting in a total reduction in inflation of 2.85 percentage points.

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