LatinNews Daily - 13 May 2022

Main Briefing
Argentina’s consumer price index (CPI) increased by 6% in April compared with the previous month, bringing annualised inflation to nearly 60%, the national statistics institute (Indec) revealed on 12 May.... Read More
Andean
On 12 May Peru’s Prime Minister Aníbal Torres, Energy & Mining Minister Carlos Sabino Palacios, and Labour Minister Betssy Chávez, were all summoned before congress and put on notice of likely impeachment attempts.... Read More
* Peru’s central bank (BCRP) has raised the benchmark interest rate by 50 basis points to 5%, following its announcement that annual inflation in April climbed to 7.96% – up from 6.82% in March.... Read More
Brazil
On 12 May Brazil’s President Jair Bolsonaro rejected suggestions that he or the military are interfering in the electoral process but showed little intention of backing off on his claims of voting irregularities.... Read More
* Brazil’s national statistics institute (Ibge) has raised its forecast for the 2022 harvest of grains, cereals, legumes, and oilseeds.... Read More
Central America & Caribbean
On 12 May El Salvador’s police chief, Mauricio Arriaza Chicas, said that no-one had died in a cell or during police procedures under the state of emergency declared by President Nayib Bukele in late March in response to gang violence.... Read More
* Honduras’s 128-member unicameral congress has approved a legislative bill sent down by the government led by President Xiomara Castro which would declare electricity a “public good of national security and a human right”.... Read More
Mexico
On 12 May the local media circulated excerpts from a communique by Mexico’s Sindicato Independiente Nacional de Trabajadores y Trabajadoras de la Industria Automotriz (Sinttia), an independent union, regarding a deal struck with US automobile manufacturer General Motors (GM) over a wage increase for workers at its plant in Mexico’s Silao municipality, Guanajuato state.... Read More
* Mexico's central bank (Banxico) has raised its benchmark interest rate by 50 basis points to 7.0% – its eighth consecutive rate hike – in another attempt to rein in inflation which was running at 7.68% annually in April.... Read More
Southern Cone
* Deputies from Uruguay’s left-wing opposition party Frente Amplio (FA) have filed a legal challenge against an agreement between President Luis Alberto Lacalle Pou’s government and the Belgian logistics company Katoen Natie, which owns 80% of the port in the capital, Montevideo.... Read More

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