Both in Latin America and the United States, the cost of living is higher every day and people's incomes are not enough to cover many of their basic expenses.

According to several experts, as the post-pandemic reality nears, in its wake are delays in supply chains, high price increases for raw materials and excess liquidity in many markets, as well as devaluation of currencies. All are impacting the reactivation of economic sectors around the world.

Argentina, with the worst inflation in the region after Venezuela, is desperately seeking to halt the weekly 1% increase in costs, which played a major role in the defeat for the government in the last parliamentary elections. There, the value of food, clothing and non-alcoholic beverages have decidedly increased the cost of living for Argentines. For now, an attempt has been made to soften the strong impact of these increases with a freeze of almost 1,500 products until at least the beginning of 2022.

Chile, with its highest inflation in the last 13 years, presents high increases in the value of tickets for air transport, tourist packages, and gasoline.

The price for families in Peru have increased, driven by the rise in raw material costs and by being an importer of many of the products that families consume, such as corn and wheat.

Colombia is not far behind and, as with the other countries mentioned, inflation has been affected by the increase in the prices of food, accommodations, public services and fuel. Likewise, the rise in prices of foods such as meat, milk, fruits and cooking oils have caused an increase in their negative indexes.

The leader in hyperinflation, not only in Latin America, but in the world, is Venezuela, a country where the International Monetary Fund, IMF made a terrifying projection of 2,700% for 2021.