The demonstrations that have rocked the country for weeks go far beyond inflation.
In a poor neighborhood on Lima’s outskirts, supply disruptions and rising prices have residents struggling to afford staples.
History suggests that inflation’s path will determine the outcome of the 2023 elections.
From raising central bank rates to subsidizing gas costs, the region is fighting to contain price hikes that hit the poorest hardest.
Recent proposals in Argentina and elsewhere tout a simple solution for a complex problem.
The 1994 “Real Plan” stopped 2,500% inflation, thanks to an ingenious tool that Maduro’s eventual successors may want to replicate.