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SECMCA indicates that inflationary pressures "continue to manifest in most countries" as a result of the international context.
The rapid expansion of aggregate demand, the rise in international prices of primary goods, especially oil and its derivatives, and problems in supply chains, among other factors, have mainly affected the prices of transportation and food items in the basket of goods and services included in the consumer price index (CPI).
In this context, most central banks in the region have increased their monetary policy rates to attenuate the rise in prices.
The Council also notes that the recovery process operates at different speeds among economic activities, which suggests that some countries should consider sectoral policies to improve the economic performance of the region's countries.
According to SECMCA, most central banks are projecting a positive regional performance, with expected growth of 4% and inflationary pressures still present, although with a tendency to moderate towards the end of the year.
