LatinNews Daily - 4 August 2023

* Honduras’s central bank (BCH) has released new figures which show that monthly inflation in July was 0.46%, bringing the year-on-year rate to 5.15%. While the monthly figure is up from 0.39% in June, the annual rate is down from 5.60%, continuing a five-month period of deceleration. Meanwhile, the BCH said that the July annual inflation rate was the lowest recorded since December 2021. Of the 5.15% inflation, 3.15% is attributed to ‘internal inflation’, meaning owing to factors within Honduras, and the remaining 2% is attributed to external and global factors. According to the BCH, key factors in the reduction of July’s consumer price index were the moderation in the increase in the prices of some foods and the lower average weighted prices of fuel and electricity.