Bolivia Faces Decade-High Inflation as Economic Pressure Mounts

⏺ Bolivian inflation has surged to 5.19% over the last 12 months, the highest rate in nearly 10 years, with a significant monthly increase of 1.58%. 

⏺ Essential items like rice, chicken, and tomatoes have seen steep price hikes, driven by supply disruptions from wildfires and strikes. 

With inflation far exceeding the central bank’s target of 3.6%, concerns are growing over the economic impact ahead of potential political shifts.

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Cryptocurrencies like Bitcoin can offer a hedge against inflation, but Bolivian economic instability and political uncertainty may make it difficult for investors to consider it a reliable option.