Energy inflation in Latin America and the Caribbean stabilized at 1.96% annually as of March 2024, following a period of sharp increases driven by the Russia–Ukraine war, the gradual elimination of subsidies, and post-pandemic economic recovery. Unlike OECD countries, the region has shown greater resilience to international shocks thanks to high penetration of renewable energy and domestic fuel production, making energy inflation more dependent on internal policies than external factors. This trend reflects a new scenario of more controlled energy prices adapted to regional realities.
