Latin America News
LAST UPDATE: June 2, 2025
Peru Lima Inflation Index Surprisingly Falls in May
Consumer prices in Lima fell 0.06% month-on-month in May, contrary to economists’ expectations of a 0.13% increase. On an annual basis, the inflation index rose slightly to 1.69%, lower than the 1.87% forecast.
Insight
The unexpected decline in Lima’s consumer prices suggests that inflationary pressures are easing in Peru’s capital. This could provide the central bank with more flexibility in monetary policy decisions, potentially supporting economic growth initiatives. The lower-than-expected inflation may also boost consumer confidence and spending. However, it’s essential to monitor whether this trend is temporary or indicative of a longer-term shift. External factors, such as global commodity prices and exchange rates, will continue to influence Peru’s inflation trajectory.
Mexicans Elect Their Judges Under Shadow of Crime, Corruption
Mexico held its first-ever popular election of judges, a move aimed at eliminating corruption in the judiciary. However, the elections occurred amidst concerns over organized crime influence and judicial independence.
Insight
The shift to electing judges by popular vote marks a significant change in Mexico’s judicial system, intended to enhance transparency and accountability. Nonetheless, the process has been marred by allegations of low voter turnout, political manipulation, and potential infiltration by organized crime. Critics argue that the reform may compromise judicial independence and effectiveness. The success of this initiative will depend on the government’s ability to ensure fair elections, protect judicial candidates from criminal influence, and maintain the separation of powers. Ongoing monitoring and potential adjustments to the reform may be necessary to achieve its intended goals.
